Thanks to Yellen’s Jackson Hole testimony, we could be in for big moves on AUD/USD, USD/CAD, and NZD/USD this week. Take a look at these setups and inflection points!
Significant Forex Levels to Watch
|Week Open (WO)||0.7560||1.2993||0.7229|
|Previous Week High (PWH)||0.7693||1.3011||0.7381|
|Previous Week Low (PWL)||0.7551||1.2831||0.7209|
|Top Weekly ATR (tWATR)||0.7644||1.3116||0.7322|
|Bottom Weekly ATR (bWATR)||0.7476||1.2871||0.7137|
|Other significant levels||0.7600, 0.7500||1.3000, 1.2900||0.7200, 0.7100|
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. Here are some of the comdoll forex setups I’m looking at this week:
If you’re planning on trading the news for the comdolls, better mark these events on your economic calendars as well:
Don’t forget to check out our risk disclosure when taking any of these setups. Got any comdoll trade ideas you’d like to share? Post ’em right here!
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