This past Monday, we pointed our members towards a specific zone to explore potential long trading opportunities. That zone had previously marked a weekly low. During the release of the NFP report, we witnessed a quick rejection in this area. I personally foresee more upside potential in various Dollar pairs, and I'm including USDJPY in that outlook.
We've had a bearish view on BTC for a while, and we had identified 27244.45 as a potential area for further downside. Next week, we'll be keeping an eye on new price levels, considering them for potential entry points in case of any pullbacks.
Gold hit our level a few times before dropping just before the market close. Overall, it was a very quiet week for me personally due to it being month-end and the NFP on Friday, which meant I didn't take many trades. Nevertheless, members can utilize these levels in their own trading and use them as a great guide, as we provide the level and what we are looking to do, whether it be buying or selling, with an overall target also provided. Moving into September, we are forecasting a busy one here at Dominic James Trading.