Hey forex buddies! What do you think of these comdoll setups I’m looking at? Don’t forget to mark these potential inflection points and economic events, too!
Significant Forex Levels to Watch Out For
|Week Open (WO)||0.7288||1.3183||0.6659|
|Previous Week High (PWH)||0.7389||1.3190||0.6709|
|Previous Week Low (PWL)||0.7285||1.3025||0.6529|
|Top Weekly ATR (tWATR)||0.7376||1.3294||0.6751|
|Bottom Weekly ATR (bWATR)||0.7201||1.3072||0.6567|
|Other significant levels||0.7300, 0.7200||1.3200, 1.3100||0.6700, 0.6500|
In case you’re wondering what ATRs are all about and how I computed those figures, make sure you check out my entry explaining my trading strategies.
For now, I’m keeping close tabs on these reversal patterns on AUD/USD and NZD/USD but I’m also liking the ongoing uptrend on USD/CAD. I’m still long-term short biased on the Kiwi so I’m looking at the NZD/JPY range that Big Pippin just shared.
And if you’re planning on trading the news for the comdolls, better mark these events on your economic calendars as well:
Got any comdoll trade ideas you’d like to share? Post ’em right here!
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