Dollar domination still seems to be the biggest theme in the forex market these days, with the risk-off environment and Fed rate hike bets. Here are the setups I’m watching.
Significant Forex Levels to Watch
|Week Open (WO)||0.7111||1.3322||0.6531|
|Previous Week High (PWH)||0.7159||1.3349||0.6588|
|Previous Week Low (PWL)||0.7016||1.3225||0.6501|
|Top Weekly ATR (tWATR)||0.7200||1.3430||0.6626|
|Bottom Weekly ATR (bWATR)||0.7022||1.3215||0.6437|
|Other significant levels||0.7000, 0.7100||1.3300, 1.3200||0.6500, 0.6400|
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.
I’ve got my eyes locked on these short-term trend setups on the comdolls, and of course my open trade on USD/CAD:
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!
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