Martin Luther King

As no trading is taking place today the markets are a little slow so I thought I would update tomorrows post today.

As I would imagine you have all made profits last week on Euro and Cable. I won't go into further analsysis on either of those two crosses at the moment as you already know the key levels but instead would like to introduce you to potential shorts elsewhere.

EURSEK has hit a resistance and is worth your time for analyzing this one.

AUDUSD has done a triple top and is also worth a consideration.

As for longs, well I had mentioned some months back about the USDCAD pair and since then it has risen 600 or so points. We all know Anurag has made more than £60k on this pair and this is still a long opportunity. Remember the simple rule, buy the dips on a rallying trade and this is still rallying. However, there is a requirement for a pullback sometime soon due to the impulsive consistent rally. If we get a correction then that would be a potential entry.

I wish you all a good trading week and I will next update Wednesday morning.