Here are a few trade ideas

Pound Dollar

Hey trader, how is your trading going so far this week?

I’ve seen the market started to move in a few currency pairs, in some others the market has been pretty slow.

So I guess it’s all about choosing the right currency pairs to trade.

That’s the reason I encourage you to look and analyze a wide variety of currency pairs, or instruments. If for some reason you dont feel comfortable with any pair, you can always trade gold for instance, or oil, or indices or high volume stocks, etc.

But please, make sure you only trade the ones that have a clear market condition… the ones that you feel comfortable with, the ones that have clear S&R levels and clear swings.

If you focus on those, sooner or later, results will come. You just need to be patient and trade when the odds are in your favor.

That’s it, that’s what trading is all about: choosing the right instruments to trade, and trade them at the right time.

What do you say?

Ok, lets get to some charts…

EURUSD Analysis

The EURUSD has been trading in a very clear bearish condition, that means that it is likely to continue its way down…

I know I’ve already talked about this, but the EURUSD is very likely to reach the parity level.

You know that most of the time the market moves from one level to the other, in this case, I dont see any significant level until it reaches the parity level.

EURUSD 1W

Now, you’ve got to remember that you are watching the weekly chart, so it might take a while before the EURUSD reaches that level… but I know one thing for sure, its more likely to continue its way down…

So, what does this mean to you?

That you should be looking for short opportunities. Whatever system you are using, use it to find short opportunities and avoid any long trade.

Just a word of caution, Draghi speaks tomorrow, so please be careful.

EURGBP Analysis

I’m glad plenty of traders have taken advantage of the way the EURGBP has been moving.

I’ve talked about it on my previous articles, and I’ve been getting a few emails asking me if there is still enough room to trade it…

I think its too close to the next level, so it might be good only for a few short term trades. Here is what the chart looks like:

EURGBP 1W

If you find a good opportunity in the short term charts, go ahead an take it, provided that you get a good risk reward ratio.

Just be careful because the next LT is too close alright?

NZDJPY Analysis

Let me show you this chart first:

NZDJPY 1D

You didn’t see this one coming did you?

It looks like its been rejected already from the LT resistance level, so we need to adapt to the market conditions, and start looking for short opportunities.

The strategy here is simple, just look for short opportunities until the NZDJPY reaches the next LT support level which is at 84.20

More than 400 pips away from where it is currently trading at.

USDNOK Analysis

The Norwegian Krone is another one that is worth taking a look at.

I know most of you don’t trade it… you might think this one is an exotic currency but it isn’t.

I’ve traded this and the USDSEK (Swedish Krona) and it has been a good experience. Both are very stable currency pairs and I feel comfortable trading them.

Here is the USDNOK chart:

USDNOK 1D

It is trading in a very clear bullish condition, in fact, it is trading at historical highs, so looking for long opportunities is the way to go here.

You would need to trail your SL and let the market stop you out, since we’ve got no further. resistance levels.

Your turn

What do you think about the currency pairs I’m currently monitoring?

What other currency pairs are you trading?

Share your thoughts

Tags: , , , , ,


Raul Lopez

I’ve been trading the markets for more than 15 years. I believe the best way to trade is by adapting to the market conditions. You can learn it too, join our community .


  • Varahala Babu

    hi raul….what are other pairs & instruments are you monitoring ….so i to monitor them…thanks

  • Varahala Babu

    hi raul ….is eur/usd bearish condition..? can we go short by breakout of 1 hour range ?

    • Raul Lopez

      Hello Varahala,

      The EURUSD is definitely in a bearish condition, but I wouldnt trade that range… I think we’ll have to wait a little longer…

      Goos luck!

      • Varahala Babu

        hi raul….what are other pairs & instruments are you monitoring ….so i to monitor them…thanks

  • Anuar

    Hii Raul…nice explanations and after weeks following your forum its look like my trading skill also get improvement..hope someday I will get consistent winning trade in my trading history…all I can say is Thank you very much and Happy trading..Good Luck.

    • Raul Lopez

      Hello Anuar,

      I’m glad my articles have been useful… Let me know if I can help you with anything else.

      Cheers,