With a bunch of top-tier market catalysts lined up for the comdolls this week, I’m keeping my eyes locked on these potential inflection points and chart setups.
Significant Forex Levels to Watch
|
AUD/USD |
USD/CAD |
NZD/USD |
|
| Week Open (WO) | 0.7195 | 1.3367 | 0.6536 |
| Previous Week High (PWH) | 0.7283 | 1.3436 | 0.6597 |
| Previous Week Low (PWL) | 0.7159 | 1.3280 | 0.6484 |
| Top Weekly ATR (tWATR) | 0.7280 | 1.3467 | 0.6624 |
| Bottom Weekly ATR (bWATR) | 0.7110 | 1.3268 | 0.6449 |
| Other significant levels | 0.7200, 0.7100 | 1.3400, 1.3300 | 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 trades on USD/CAD and GBP/AUD:
AUD/USD: 1-hour
USD/CAD: 4-hour
NZD/USD: 1-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,
Other Popular Articles:
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.