18th - 22nd July Weekly Wrapup & Updates (PT.1)

I release a Weekly Wrapup & Update every week to all my subscribers on my website. I am re-posting it here but in a limited form due to posting restrictions. I am also splitting this post in parts as it is too long to post in one post. So this is Part 1 of this post. Look for Part 2 & 3. if you have interest in seeing the rest of it. If you want the complete post including more detailed 4HR charts, please go to my website to get it. Weekly Updates are free. As noted on each pairs update, if there is any additional analysis available on it, it will be available on my website. PM me for details on how to read the FULL posts

ANNOUCEMENTS
NEW! I am always seeking to improve this service and give you more tools to help you in your trading. For the past weeks, I have been testing adding INTRADAY updates on markets as I see action in those markets that may offer trading opportunities or to caution you against taking trades. These intraday updates are ONLY available in the private subscriber's chat rooms so as to post them in REAL-TIME. This will now become a regular added benefit to all paid subscriber's. If you are a current subscriber, you do not need to do anything. Just make sure you are registered into the private chat rooms in your Skype. If you are not, please contact me to get registered.

Trial subscriptions are still available at 50% discount! But this offer may end at any time.

USDJPY - NEUTRAL
The previous week, we saw a significant move up from the lows. This past week continued that rise from the bottom. But it has now reached the upper TL of the long term trading channel and was rejected from there. We could see a small retrace back down from there and then another attempt to break through which would help to confirm that we indeed have a MAJOR TREND CHANGE on hand. Read my SPECIAL REPORT on USDJPY for some VERY IMPORTANT update: (F) USDJPY Special Report: Possible MAJOR Reversal Is At Hand (Free post. No Subscription required.)

AUDUSD - SHORT
The previous week we were predicting that we would be seeing a drop occur in this pair and were waiting on it to happen. Well, this past week, that is EXACTLY what we got. It should now continue to head lower but of course not directly. A retrace is coming soon from this strong drop down. We are SHORT on this pair and have already banked +405 pips on the move down while waiting for more.

USDCAD - LONG
I warned last week that we would be seeing a wave 3-type move up coming in this pair and this past week, that is EXACTLY what we got! We just saw 5 consecutive days of gains in this pair this past week. It is moving up in what appears to be an ascending diagonal pattern. So waiting now for prices to reach the upper TL of this diagonal and probably see a retrace back down happen.

GBPUSD - LONG
This past week saw consolidation after the previous week's move up from the lows. We should expect higher prices from here. We are LONG in this pair for the move higher. Read my SPECIAL REPORT on this pair: (B) GBPUSD ***SPECIAL REPORT*** : End Of A Trend? and also my just released SPECIAL REPORT Update report: (B) GBPUSD ***SPECIAL REPORT*** Update: Don’t Go ALL IN Yet!