by Johan Kriek (jkriek@fxinstructor.com)

Key Notes:

- US Presidential elections closely watched this week

- BoE, ECB decides on interest rates this week

- NFP closely watched on Friday

Although the markets are range bound, we saw sharp rallies in the stock markets last week as the Fed and BoJ cut rates. Nevertheless, the overall trend is still bearish. Therefore we will have to follow the charts and always be safe by trading in the direction of highest probability

Herewith, today’s probability studies

At this point in time I see the probabilities are relatively mixed and strongly suggest that you wait for price to start TRENDING in a direction. To get updates please consult our instructors in the Live Trading Room

Happy pipping!

Johan Kriek