Election week could be an action-packed one for the commodity currencies so don’t forget to mark these inflection points and potential setups. Take a look!
Significant Forex Levels to Watch
|Week Open (WO)||0.7681||1.3332||0.7347|
|Previous Week High (PWH)||0.7709||1.3466||0.7342|
|Previous Week Low (PWL)||0.7557||1.3353||0.7137|
|Top Weekly ATR (tWATR)||0.7753||1.3441||0.7427|
|Bottom Weekly ATR (bWATR)||0.7609||1.3223||0.7268|
|Other significant levels||0.7700, 0.7600||1.3500, 1.3350||0.7300, 0.7150|
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: Q3 2016 Trading Performance Review