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/NZD, crude oil, NZD/USD, USD/JPY
AUD/NZD is at support zone. Watch out for bullish price action.
AUD/NZD price is at support zone 1.052-1.057. Watch out for bullish evidence (significant price action) and a potential move to the upside from this major zone.
Crude oil is testing support. Watch out for bullish price action.
Crude oil price is at support zone 41.28-41.94. Watch out for bullish evidence (significant price action) and a potential move to the upside from this major zone.
NZD/USD is at a nice 2.5:1 ROI so far and still going for 3.5:1 ROI.
As mentioned last week, our trade triggered last week 26th July and we are now at 2.5:1 ROI, still aiming for 0.728. You can move your stop loss and keep an eye for bearish price action to get out of this trade.
USD/JPY is still going short at 3.6:1 ROI so far.
For those who went short last week on this bearish price action pinbar, you should be over 3:1 ROI. The aim is still to reach 101.2 for a nice 4.5:1 ROI. You can move your stop loss and keep an eye on bullish price action to get out of this trade.
Disclaimer: This is educational and general information only (not advice or a recommendation).
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