It’s FOMC week, fellas! We might be in for big moves on AUD/USD, USD/CAD, and NZD/USD so don’t forget to look at these potential inflection points and setups.
Significant Forex Levels to Watch
|Week Open (WO)||0.7481||1.3223||0.7260|
|Previous Week High (PWH)||0.7568||1.3248||0.7364|
|Previous Week Low (PWL)||0.7442||1.3028||0.7234|
|Top Weekly ATR (tWATR)||0.7560||1.3339||0.7347|
|Bottom Weekly ATR (bWATR)||0.7402||1.3108||0.7173|
|Other significant levels||0.7600, 0.7450||1.3300, 1.3150||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