High probability live trades

USD SGD looking for entry LONG early next week upon retrace then looking to short sell @ 3735 SL 50 TP 3520

GBP USD

AUD USD

USD CAD

usd zar (higher risk with wide SL)

usd mxn

nzd usd

AUD NZD

WEEK SUMMARY AND BIAS

USD CAD - SHORT
NZD USD - SHORT
AUD NZD - SHORT
USD PLN - LONG
USD MXN - SHORT
USD ZAR - SHORT
XAU USD - LONG
GBP USD - MIXED
AUD USD - MIXED

Overall direction is clear, not very clear on GBP USD since it's mixed, but still buying dips make sense, AUD USD overall bearish, but we are close to 50% of the previous swing, so I'd expect AU to bounce, still looking to short sell rallies here.

GBP USD I don't see trading below 4320-4340 next week, so this area is good for a long entry as highlighted on the chart above.
GU held pretty well against other currencies last week, the close is somewhat weak but it's not a total devastation.

GBP USD revised to: LONG @ 4300-4320 SL 4220 TP 4650

UCAD/UZAR/USGD update: Slightly mixed outlook here. I will post the actual trades when I place them.

Important thread update: from now on I will be only posting my week trades, I won't be posting any intraday setups. I will post exact trades as I take them with SL and TP levels. The list of pairs Im trading is above. I might also add EUR AUD if I see a valid trade setup.

the reason this lacks clarity is cause UZAR looks like reversal coming up, however UCAD and USGD setups look more bullish at the moment.
All those 3 are correlated so will have to be careful here.

Expecting clarity to emergy very early into open of Sunday.

UZAR daily, see how this lacks clarity?

On one side we broke the TL and that's bullish. On another note latest 2 day candles are overall bearish/weak.
If we are going up Monday will have to close higher now.

ahh man i really like the idea of the cad short. the impulse up was kinda funky but youve got the fires in Canada to weigh on oil and the Saudi oil minister change that should bring action to the pair.

that's true but you can't trade UCAD in isolation. Pretty much moves are in sync with USGD and UZAR. That's why it's important not to get carried away here.
US Dollar also found some decent support @ multi-year low so it could be still a pusher at least for a few sessions, and that's enough to get UCAD/USGD up by another 100-200 points.

let's not get carried away. Daily UCAD also broke out nicely from that TL, so that's overall bullish, I know that price structure looks weak now, but it ain't good enough reason to pile in short still.

ive been watching the dxy like a hawk since the sharp bounce and i currently have my eye on 95. so far its bounced from precisely the places i was looking for so i do believe in usd strength in a major way. but i feel that this canadian and saudi news might just be the catalyst it needs for a correction to 1.26 before the push higher? if not though its cool cause ultimately i have the long target in the area of 1.328-1.35 before i expect b.

but your explanation about the correlation makes perfect sense

my favorite trade bar none is the GJ long idea. Just so many things to push this sucker along this week with the boe news. But then again its conviction like that that usually doesn't allow the trade to come to fruition.

Low oil....should raise usd
strong dollar...should raise UJ
strong UJ...should raise GJ
the techs look fantastic and its like buying it on super sale right now if the target is accurate.

Anticipating some action on EJ , depends on the open

Raiders overall I agree with you. Dollar can push higher. Therefore potential trade setups have to be adjusted according to the current dollar theme.

DXY generally is bullish in month of may historically.

But imo in current environment, where fed pretty much is limited in it's scope in terms of rate increases and with all data being weak in US I don't see massive gains.