Weekly Outlook for Jan. 17-21, 2010

Hi everyone,

In this email I am going to give you my view on the market for today,
Sunday the 17th of January 2010 and the week.

As I write this range bound trade still exists in the Asian markets
for most pairs observed as some directional changes on a macro level
are expected this week and possibly giving the dollar some short term
strength. This should provide some short and intermediate term
weakness to many pairs going forward for the week, so the bias will
be on the sell side. We might be looking to scalp some reversal moves
in these pairs when the London Market opens today if they continue to
look extended although some continuation moves are not out of the
question. There will be many key reports early this week so we will
be on the watch for opportunities in those related pairs for good
measure as it looks like volatility could be in for this week and so
just a reminder, smaller position sizes might be warranted if looser
mental stops are to be set.

*For todays session the swing trade is sell the EUR/JPY on a retrace
@ 131.40 with a 80 PIP initial profit and a final target of 129.40
depending how you manage the trade.*

That's it for today, remember that I trade in the Live Forex Trading
Room between 2am-6am Eastern Time and I will be hosting my regular 4
hour session and some scalp trades could be on the menu. So there
should be a little more trending action and pips to be made.

Enjoy trading and good luck everyone!

*Trade with Mr. GREEN for a $39.00/trial for 1 WEEK*

*

Trades are issued in real time, including exact entries and exits and
detailed explanations. The service costs $99 per month, but we also
offer a $39 7-day trial. So go to GreenForexTrading.com now and take
advantage of this offer.*

*Mr. Green*

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