In this video I am going over how we performed last week and explain the trades and why I posted them to the group.

Below are a selection of the trade Ideas discussed with members and I will cover all calls in the video above. 
These are just my market observations and encourage members to use them as a guide in their own trading.

Order Not Triggered

Moved my stops to breakeven and got taken out before going to target

Click video below to watch the latest analysis and do be cautious this week as its a heavy news week. 

This week I have singled out GbpUsd for more downside and have indicated some areas of interest (AOI) on the chart below.

Lets take a look at some of the key factors surrounding the Pound at the moment.

​ During July, the pound lost ground against major currencies and sank more than 1% below $1.2, approaching its lowest point since the pandemic outbreak in March 2020. Due to investors' growing concerns about a looming recession, sterling's appeal diminished, while uncertainty over the Northern Ireland Protocol and softening expectations about the Bank of England's tightening outlook also hurt the pound. The BoE has raised interest rates five times since December when it became the first major central bank to increase borrowing costs after the COVID-19 pandemic, but traders are scaling back some rate hike bets as recent weak economic data could be an early indication that tightening is slowing the economy. The sterling closed the first half of 2022 down 10%, its worst first-half performance since 2008. - Trading Economics

Key levels = Resistance 1.220 - 1.218
                         Resistance 1.211 - 1.2085

Energy crisis in Europe has obscured even further the prospects for Eurozone growth, making it more difficult for the ECB to tame record inflation rates. In June of 2022, the Euro Area's annual inflation rate reached a new record high of 8.6%, once again exceeding market expectations.
AOI = 1.0500 - 1.4700
​EVENTS = ECB MEETING ON THURS
​FOMC Minutes ON WED
​Non Farm Payrolls ON FRI

Over the last 12 months, Bitcoin fell by 44.59 percent. Looking ahead I'm looking to trade with the momentum and at the moment the momentum is to the downside. 
Unless we reclaim the ATH from 2017, I see no reason the be bullish.

Awaiting break of trendline to become interested in this instrument as it is just ranging for now.