How to use this price action analysis
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Key Support & Resistance Areas This Week
EUR/USD: EUR/USD has been a little messy over the last few weeks. I have been avoiding this pair on and off for several weeks now. This week I will be trading it, but with a lot of caution.
My key resistance areas for EUR/USD are 1.1090 and 1.1200. My key support areas are 1.0980 and 1.0860.
GBP/USD: My key resistance areas for GBP/USD this week are 1.5650, and 1.5770. My key support areas are 1.5560, and 1.5470.
USD/JPY: After years of not trading USD/JPY, I have finally started liking this pair. I will be trading it this week. My key resistance is 124.80, and 125.60. My key support areas are 123.35 and 122.60 for USD/JPY.
AUD/USD: Still one of my favourite pairs this year, and last year. My key resistance is 0.7400, and 0.7480. My key support areas are 0.7330 and 0.7270. AUD/USD is also an awesome pair to trade with my Forex price action scalping strategy.
USD/CAD: USD/CAD is at six year highs which means I have no areas for it at the moment. There are same daily support and resistance areas for this pair but the lower time frame areas are still unclear.
Questions
If you have any questions please ask below, I try to answer every question. I know I have been missing a few questions lately but I am working on something to solve that.