It looks like the comdolls are starting to regain ground against its forex rivals so I’m looking at a few breakout and retracement setups, along with these potential inflection points and upcoming events.
Significant Forex Levels to Watch
|Week Open (WO)||0.7234||1.3331||0.6560|
|Previous Week High (PWH)||0.7250||1.3371||0.6605|
|Previous Week Low (PWL)||0.7070||1.3247||0.6430|
|Top Weekly ATR (tWATR)||0.7322||1.3434||0.6653|
|Bottom Weekly ATR (bWATR)||0.7146||1.3229||0.6468|
|Other significant levels||0.7300, 0.7200||1.3400, 1.3300||0.6600, 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.
I’ve got my eyes locked on these short-term trend setups on the comdolls, and of course my open trade on USD/CAD:
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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