Happy Sunday everyone,

I hope you are having a great weekend.

I'm back in rainy Amsterdam. Great weather for getting some work done. I made good progress backtesting USDJPY, and I modeled my backtest to a Funded account, and a 'Trade to Earn' high-levered account. You can check out my backtest and the modeling for free right here. I will continue and add more pairs: for example USDJPY, USDCHF, GOLD, SILVER, and maybe even some indices.

Also, live trading in my Etoro account is going well.

The actual performance of my Etoro portfolio is a little bit different as I also hold longer-term positions in Bitcoin, Litecoin, Gold, Silver, and different ETFs.

My Forecast for the coming week

I have again prepared charts for the FX pairs I intend to trade for the upcoming week. Specifically, I trade only four pairs: EURUSD, GBPUSD, USDCAD, and AUDUSD. I used to trade more pairs in the past, but after analyzing my Trading Log, I realized that focusing on these four pairs would yield the best results.

Dollar index

First, look at the Dollar index to get the big picture. Friday's price action around the dollar was indecisive. As we hit previous highs there is a higher probability that the dollar will go down to lower support levels. Still, if it does break above the level formed by the previous high I will be looking for a break retest scenario.

4 Forex pairs

If you are interested in my long-term investment strategy and analysis, please visit my profile on Etoro.

Additionally, if you want access to the same charts I use, consider checking out Tradingview.

Also, if you want to learn how to trade like I do, check out my Ebook: Learn to Trade, and consider joining my free Discord server to connect and discuss trading.

Best of luck with your trading endeavors.

Sincerely, Dave.

This information is for educational purposes only and is not trading advice. Please see the full disclaimer here: https://davetromp.com/disclaimer/

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