Huddle up, comdoll buddies! Check out these potential inflection points, upcoming forex market events, and setups I’m looking at on the comdolls this week.
Significant Forex Levels to Watch Out For
|
AUD/USD |
USD/CAD |
NZD/USD |
|
| Week Open (WO) | 0.7269 | 1.3044 | 0.6576 |
| Previous Week High (PWH) | 0.7449 | 1.3103 | 0.6695 |
| Previous Week Low (PWL) | 0.7260 | 1.2917 | 0.6505 |
| Top Weekly ATR (tWATR) | 0.7360 | 1.3163 | 0.6668 |
| Bottom Weekly ATR (bWATR) | 0.7178 | 1.2926 | 0.6484 |
| Other significant levels | 0.7350, 0.7200 | 1.3100, 1.3000 | 0.6700, 0.6500 |
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.
Since the comdoll trends are looking really strong and there have been hardly any retracements, I’ve zoomed out to the weekly time frames to check out the next potential support and resistance levels. Here are the long-term comdoll charts I’m looking at:
AUD/USD: 1-hour
USD/CAD: 1-hour
NZD/USD: 4-hour
And if you’re planning on trading the news for the comdolls, better mark these events on your economic calendars as well:
Got any comdoll trade ideas you’d like to share? Post ’em right here!
Cheers,
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This content is strictly for informational purposes only and does not constitute as investment advice. Trading any financial market involves risk. Please read our Risk Disclosure to make sure you understand the risks involved.
