Hello Price Action Traders.
Eur/Usd, as you can see from the chart below, has closed the weekly chart with a bullish candle. For the next week I would like to see if the price will stay below 1.3000 area, strong technical and psychological resistance, here you might have some good short opportunities if some price action trading signals will confirm my vision. Other resistance area is 1.3130. The situation is not very clear and it is therefore more appropriate to wait to see how the situation evolves on the pair. The primary support level is at 1.2650.
Aud/Jpy breaks the weekly resistance at 99.50 and goes to close the weekly bar forming a clear price action setup of my forex trading strategy that you can learn through my forex course. In this case you could trade the trading signal going to buy at 99.50 if price will retrace back there or wait for a clear long price action setup during the week, always on this area.
Aud/Usd, succumbed during the past week going to test the strong support at 1.0350. The price closed above this area, however, and therefore maintains a more bullish than bearish predisposition. While its cousin Nzd/Usd offered me one of my price action trading signals (shown in my forex trading signals service), the Australian did not show so much determination. Seeing the gold and silver ( related to the AUD and NZD) Australian dollar hasn’t depreciated strongly and is thus confirmed my vision. You can wait for long signals between 1.0350 and 1.0400 to reach the resistance at 1.0600 area. If the price were under the support we could see a bearish movement that has its first support area at 1.0180.
It’s all for today!
If you want to keep reading my in- depth outlook of the market you can access to my premium forex signal service and be part of my professional community and then become a true price action trader subscribing to this link:
FIRST MONTH FOR FREE!!!
Get Naked Get profit!
FROM A REAL TRADER TO REAL TRADERS