Even though the U.S. central bank hiked rates last week, the comdoll gang seems to be putting up a strong fight against the Greenback so far. Here are the setups and potential inflection points I’m looking at.
Significant Forex Levels to Watch
|Week Open (WO)||0.7683||1.3340||0.7010|
|Previous Week High (PWH)||0.7719||1.3495||0.7049|
|Previous Week Low (PWL)||0.7533||1.3275||0.6984|
|Top Weekly ATR (tWATR)||0.7758||1.3453||0.7089|
|Bottom Weekly ATR (bWATR)||0.7609||1.3227||0.6932|
|Other significant levels||0.7500, 0.7750||1.3300, 1.3525||0.7100, 0.6900|
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: Q4 2016 Trading Performance Review