Trading plan for the week of: Monday, January 04, 2021.
Upcoming volatility: GBP, USD, EUR, CAD
GBP – Great British Pound
I don’t trade GBP much because of Brexit and constant misinformation. Overall I have a bearish view for this currency.
USD – US Dollar
Negative expected data on Tuesday and Thursday. Nonfarm Payrolls on Friday, first of the year, may want to stay cautious on this one. Overall, bearish view on USD.
EUR – European Union
I’ve been bearish on EUR for months and do not expect a real turn around any time soon. Am always looking for Sell setups on this one.
CAD – Canadian Dollar
N/A. Not clear. CAD has been strong for a while. Not really sure about this one.
Setups
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