Trends still seem to be holding for AUD/USD and USD/CAD while the tide is turning for NZD/USD. Here are the forex levels and setups I’m looking at for this week.
Significant Forex Levels to Watch
|Week Open (WO)||0.7616||1.3157||0.7246|
|Previous Week High (PWH)||0.7675||1.3243||0.7370|
|Previous Week Low (PWL)||0.7478||1.3000||0.7223|
|Top Weekly ATR (tWATR)||0.7696||1.3273||0.7332|
|Bottom Weekly ATR (bWATR)||0.7536||1.3042||0.7161|
|Other significant levels||0.7650, 0.7550||1.3200, 1.3100||0.7300, 0.7200|
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!
See also: Q2 2016 Trading Performance Review