How to grab 200+ pips from the market - Weekly Trading Plan
Hello traders,
I would like to present you one of my weekly trading plans this time based on the USD/JPY currency pair. My opinion on the currency pair for this week is that we will see a drop in the price and in the full plan video I explain why.
You can check it out on Youtube.
Here I would like to outline the zones, levels and of course to mention the top economic news events expected for this week.
Starting of with the zones:
\u2028Sell Zone: 110.95 - 108.95
Buy Zone: 111.73 - 114.40
The two H4 Stop Levels inside of the Buy Zone are as follows:
Level 1: 113.15
Level 2: 114.40
Now in the Sell Zone a possible stop level would be at a price of around 109.88. Keep that in mind as a profit taking zone.
Economic Overview:
Wednesday - May 23rd:
USD FOMC Meeting Minutes - 18:00 GMT (21:00 Bulgarian time)
This is an event that usually brings a lot of volatility to the markets. Keep it in mind and recheck as it can give out hints for the overall state of the US economy.
Friday - May 25th:
USD Durable Goods Orders - 12:30 GMT (15:30 Bulgarian time)
The previous reading stands at 2.6% and the forecasted is at the astonishing -1.4%. This is a huge difference, which will most likely lead to strong volatility on the markets and a drop in the price of the USD. Maybe JPY as a safe heaven will get stronger.
USD Fed’s Powell Speaks on Financial Stability and Transparency - 13:20 GMT (16:20 Bulgarian time)
Well we might have just 3 events by the end of the week, but what events… The speech from the FED’s chairman will be watched and monitored closely not only by retail traders, but investors as well. Keep it in mind and look for hints which will lead to either strengthen or weaken the US economy and the USD as a currency. The USD had gained a lot in the past few months, so I expect a slow-down and probably a drop in the price.
This would be all for this week.
I will post live signals on Twitter based on this trading plan, so follow up on that.
I wish everyone a profitable week! :)
I would like to present you one of my weekly trading plans this time based on the USD/JPY currency pair. My opinion on the currency pair for this week is that we will see a drop in the price and in the full plan video I explain why.
You can check it out on Youtube.
Here I would like to outline the zones, levels and of course to mention the top economic news events expected for this week.
Starting of with the zones:
\u2028Sell Zone: 110.95 - 108.95
Buy Zone: 111.73 - 114.40
The two H4 Stop Levels inside of the Buy Zone are as follows:
Level 1: 113.15
Level 2: 114.40
Now in the Sell Zone a possible stop level would be at a price of around 109.88. Keep that in mind as a profit taking zone.
Economic Overview:
Wednesday - May 23rd:
USD FOMC Meeting Minutes - 18:00 GMT (21:00 Bulgarian time)
This is an event that usually brings a lot of volatility to the markets. Keep it in mind and recheck as it can give out hints for the overall state of the US economy.
Friday - May 25th:
USD Durable Goods Orders - 12:30 GMT (15:30 Bulgarian time)
The previous reading stands at 2.6% and the forecasted is at the astonishing -1.4%. This is a huge difference, which will most likely lead to strong volatility on the markets and a drop in the price of the USD. Maybe JPY as a safe heaven will get stronger.
USD Fed’s Powell Speaks on Financial Stability and Transparency - 13:20 GMT (16:20 Bulgarian time)
Well we might have just 3 events by the end of the week, but what events… The speech from the FED’s chairman will be watched and monitored closely not only by retail traders, but investors as well. Keep it in mind and look for hints which will lead to either strengthen or weaken the US economy and the USD as a currency. The USD had gained a lot in the past few months, so I expect a slow-down and probably a drop in the price.
This would be all for this week.
I will post live signals on Twitter based on this trading plan, so follow up on that.
I wish everyone a profitable week! :)
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