Weekly Predictions and Ideas 1st July 2019

Welcome back to another week of predictions. Back to normal today an I’m excited to start my day trading live from today which you can closesly follow on my youtube channel. So here is how my usual ruthless portfolio is looking.

Starting off on the Euro on the Daily we are in between structures and just failed to retest the highs of that zone. Now we are pushing down but in this consolidation I dont see a clear level to predict price to go to. On the 60 you see we have a break of structure which can be a decent sort term opportunity and something I am looking to involve myself at. We also have a Bat pattern which for me is on the 4hr but some people would also see it as drawn here. GbpUsd is interesting. On the daily we have held our Outside Return and I dont think we will go for a full retest of the lows due to the support we bounced off at and the divergence on the daily. However if we see a break of the first red zone I would predict the move lower to the inside level below.

AudUsd I have no interest in currently, boucning off minor resistance levels. Also just dribbling on the 1hr with very small swings providing no opportunity per my style. GbpAud we do have room to go lower to the bottom red line at least following the break of structure. However on the 60 there isn’t anything right now that will provide me with an opportunity to take a trade to that level.

Thats my portfolio done, for the rest of the predicitions and a video analysis of this pair here is a quick video.

Hope you enjoyed and found some value, thank you.

Lach

Published by Lach Plays Trading

I'm a forex trader whos journey began January 2018 and has had its ups and downs but has taught me a lot about the markets and myself as a person. Documenting my journey and sharing my experiences for you to be able to learn from them and my prior mistakes. Fully transparent, not afraid to show losses or speak exactly what comes to my mind.

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