Hello Naked Traders!
Here below you can read my price action anaysis for the week ahead.
The pair came in important area at the end of the week just passed. In fact, 1.2450 is a key level to keep monitored for possible price action naked signals. During the week ahead then i will keep watching the currency pair for a possible short if this resistance area will be confirmed by a simple naked short signal on the daily chart.
The pair during the past week showed a lunge until key support level at 1.5970 area. From here price showed a “long” price action that indicates a possible leak of the support level and reach out to the next zone of resistance at 1.6150 area. The opposite scenario could be the bearish breakout of 1.5960 with the 1.5860 area as target.
We have a very clear “price action scenario” on the daily chart. The area where price is right now is clearly a key resistance level and can be used as an area to sell if the price show us an obvious price action naked signal. Other important level for a short deal is 84.00 or 80.50 for possible long in line with the trend of the moment. All of this must be accompanied by an obvious price action naked signal that confirm or not holding key areas.
Xag/Usd – Silver
The price of silver in the week just passed has consolidated at 33/34 $. The 34 $ zone was not kept in the closing week and this implies the ability to see a downtrend in the next days until key level 32.60. If so happened is good to keep watching this important area for a long signal.
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 naked trader subscribing to this link:
FIRST MONTH FOR FREE!!!
Get Naked Get profit!
FROM A REAL TRADER TO REAL TRADERS