Hello Naked Traders.
Here below you can read my usual price action anaysis for the week ahead.
On Friday, the eur/usd has moved sharply downwards after the price action indicating the possible sell entry. The price is above the key support area. The 1.3000 area & 1.3130 which could be used as layers to try buying signals if these occur. For now the entry is short and therefore to follow in bearish perspective.
Even gbp/usd has been sold very strongly on Friday. The price action short signal has been very clear and could be traded in various ways and give a great risk: reward. As far as I am concerned I am still short with the 1.6100 target area where I can take profit.
Eur/Nzd pushed upward by a bullish rally really strong leading the price from 1.5500 area support until 1.6050 resistance zone. On the support it had formed a price action signal and now you could monitor the pair for possible short opportunity seen the strong resistance level. The possible return of 1.5900 and 1.5800 area could generate long signals.
The crude WTI Oil is within a trading range very clear in the daily chart. The price is near the $ 90.00 resistance area and is therefore more appropriate to look for some short opportunity with the 84,50 target area. This area is excellent for possible price action signals. Obviously if one of two bands of laterality was broken things would change and you might look for signals in the direction of rupture.
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