In this week's market analysis, we will look at potential trading opportunities and zones where we should look for Price Action, evidence and potential moves.
Pairs and markets analyzed this week: AUD/USD, Crude Oil, EUR/AUD, EUR/USD, NZD/CAD
AUD/USD near Strong resistance zone, Looking for Bearish Price Action.
As mentioned last week, AUD/USD Price approaching strong zone 0.763-0.766, Watch out for bearish evidence and a potential move to the downside from this major zone.
Crude Oil near support, watch out for Bullish Price Action
Crude oil price approaching strong support zone 41.66-43.16, Watch out for bullish Price Action ( bullish evidence) and a potential move to the upside from this major zone.
Our 1st target would be the 47.4 mark
EUR/AUD Near Support Zone, Look for Bullish Price Action
EUR/AUD Price approaching strong zone 1.444-1.45, Watch out for bullish Price Action (Bullish evidence) and a potential move to the upside from this major zone.
EUR/USD, Expected Pullback but R/R was not good enough to enter a trade
We had a nice price action (engulfing reversal) on July 5th but Risk / Reward wasnt good enough to enter that trade
NZD/CAD at Zone, Watch out for bearish Price Action
NZD/CAD Price at Resistance zone 0.953-0.958, Watch out for bearish evidence (significant Price Action) and a potential move to the downside from this major zone.
Disclaimer: This is educational and general information only (not advice or a recommendation).
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