The new trading week is just 3 hours away from the time of writing this post... but with New Zealand having a bank holiday the early trading session of Monday 3rd of July should probably be light in liquidity and the main action should start taking place when Europe and the USA open for trading.
In anycase, we have a BIG pip making week coming up and boy am I excited to seize those pips and grow my personal and business (MAM) portfolio!
With the close on Friday we are on a hot stream of 10 weeks of consistent profits with a total gain this year of 371.9%... but words alone are not 100% believable, but the 16 people who invested their money in my MAM account know what I am talking about!
TRADING APPROACH FOR UPCOMING WEEK
My focus this week will be to liquidate all existing positions and focus on trading intraday only by scouting only for shorter-term contractions, which usually give profits in 2 to 4 trading session (Trading session: UK open to close x1, US open to close x1... you get the drift, I mean by the open and close of the trading exchange, so in a day we have 4 separate trading session...)
The first trading week of the month brings important central bank meetings and data releases for the previous month, and in some months for the previous quarter... depending on what the market and central banks are focused on at this moment so economic releases hold more importance than others.
In general this week we do get key data from virtual all major exchanges... even tough the markets are currently focused on Brexit, the US/China trade war, Trump in general and even Iran (to name a few) some of the events this week will provide pip making opportunities... and I will be trading for the full week as I have a big target this month in terms of profits so my community will be very active.
Regarding central bank meetings we only have 2 this week, the first to meet is the RBA who is currently highly expected to lower its benchmark interest rate from 1.5% to 1.25%. - They meet in the Tuesday Asian trading session.
The second is the ECB meeting where we have a basket of interesting things to focus on ranging from the EU elections impact on the central bank to the approach it will be taking.
In terms of data it is a hot week, with the NFP on friday and a literally a dozen other data releases ranging from China, UK, Canada and so on...
I will not list them here, it is your duty and obligation to prepare yourself with the times of these events to they do not come as a surprise on any trades you might have open!
Forexfactory or investing.com both have an excellent economic calendar!
Since this is a Monday watchlist, I will only focus on the 4H chart, my community members will get complete details in a full report for "premium members" which you too can become for a small monthly investment!
GBPUSD: Easy 80/100 pips on next low
As the subject explains, I am waiting on a new lower low to create the final 3 lower lows (one of the main PM indicators) before I go long on this. - Of Course once I do, a trade alert will be released in my community.
We already made good money shorting this last week, an easy 58 pips were grabbed!
NZDUSD: Bullish NZD providing a massive profit potential
I have been shorting EURNZD for a over a week now, building positions after a breakout of a major contraction, the same goes for NZDUSD... a have a breakout of a contraction and support at the 30% of recent low/high giving us a strong bullish indicator!
I will look to go long on a break of the resistance trendline.
USDCAD: 60 pips coming right up!
USDCAD has a beautiful reversal contraction pattern and as soon as the markets open up I will short this one! Easy 60+pips!
Thats all I have for you in this free report... I'll come back with a video update on my Youtube channel of how these trades went!
If you want to join my community, just shoot me an email: email@example.com
Oh by the way, before I let you go, yesterday I released this possible trade idea on BTCUSD which is gearing up for a reversal based on the system I created, the PipsMatter trading system
Check out the TradingView Idea HERE!