Heads Up 26/1/14

Hey traders, the markets are definitely getting a lot more active, which is great news. There are lots of levels to watch over the coming week after some strong moves last week.

A point I'd like to mention and this is directed at the newer traders to the forex,  when we get a strong move and a level gets broken, its very tempting to look for trades setups to trade back into these key levels. This is not something I would recommend to begin with. The counter trend trades are for the more experienced traders.

My advice is to start off waiting for key levels to be retested and then price action setups at the key levels, using the current daily momentum to get back on the trend.

So where am I looking to get into trades this week, see below: