I am very short for time this weekend so it was not possible
to make a video. There was no trade taken last week, although I did miss a long
opportunity on EURAUD H6 at 1.4980 support on Thursday. Next week I will be
updating my support resistance areas for a few pairs now that there is recent
data to go with. Below are possible trading opportunities that I am anticipating:
EURJPY tested 123 support on Thursday and it finished the
week just above it. Friday’s daily candle is showing that sellers are still
very strong despite not being able to break resistance. If a daily candle
closes below support next week then I will be looking for opportunities to go
short.
EURUSD had a scratch week and price closed the week just 3
pips below its open. I am still on the lookout for 1.1480 to be tested because
it could provide me with an opportunity to sell at resistance.
GBPUSD broke below 1.4080 support on Thursdays but buyers
pushed price up on Friday and closed above it. This could be an opportunity to
buy at support if buyers continue to be strong. For next week, I am
specifically looking for a daily close above 1.4172 as the first sign of a
possible long trade.
NZDJPY broke below 74.50 support level and stayed below it
on Friday. This support level has been very strong since the beginning of this
year and now it has been decisively broken. If price retraces back to retest
this level next week then I will be looking for opportunities to short at
resistance if I can see signs of strong selling power.
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