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Weekly Trade Ideas: 1st - 5th October (light review)

October 1, 2018

And... we're back! 

 

September is gone and with it quarter 3 of 2018. All the good is gone and all the bad left us with priceless lessons. 

 

October brings us quarter 4, the last chance to make 2018 the best year of your life so far!

 

This October we will release 2x courses, one on a specific trading strategy and routine and the second about a little money motivation with personal development lessons. 

 

Before we move into the weekly outlook, we want to reflect on the outlook we released last week. It was a great success with all trade setups working out well. 

 

Lets go over the economic calendar before we move into the trade ideas.

 

 To be honest, I will be focusing a little more on the fundamentals this week than the actually Monday setups so the analysis below will not be too eager to enter trades right now.

 

We have decent amount of news coming out of the US with the UK, Canada and Australia sharing the 2nd spot of importance.

 GBPUSD recently broker out of its key support level but it could recross right back into the previous trading range and make a test of the WHITE trend line. 

 

We do believe that there are good chances for both sides of the coin here. 

 

The chances are higher, however, for price action to head downwards to the green support level. 

 

Just click on the forex chart image and you will see the "bigger picture"

 

The movement from the key resistances to the next support is worth 75 pips.

 

Looking over EURGBP we see possible weakness from the GBP so we will be looking to sell GBPUSD at the resistance level 1.30565

 Looking over BTC (bitcoin) using technical analysis we do believe more weakness could come to this precious little asset everyone is talking about for the last 24 months... and when I say everyone, yeah I mean everyone. 

 

We see weakness, followed by temporary strength followed by bigger weakness.

I don't have the time to review more assets in detail but I will release individual news trade ideas for NFP and other events this week. 

 

Till the next time we meet - I wish you happy trading!

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