Hello guys, welcome to this weeks market analysis where we cover the setups that we are looking at for the upcoming week.
Weekly trade ideas and analysis:
Our first pair of the week is going to be AUD/NZD. Here we see that the price is in a strong uptrend which plays directly into the trade that we want to take.
We saw the price break a resistance area and is now making a pullback back into the area. If the price makes it all the way to the support area and forms bullish price action we’ll be looking for a potential continuation trade long.
Similarly to our previous pair. The price is in a strong uptrend. We saw the price break the resistance area and are now waiting for a pullback along with bullish price action for a potential trade long.
Our last setup is as well a potential trade long after a break of the resistance area. But here we are possibly at the beginning of a new uptrend after the long term downtrend is appearing to have ended.