Weekly Market Analysis 11.04.2022 – 15.04.2022

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:

 

EUR/CHF:

Our first pair of the week is EUR/CHF.  On the daily timeframe, we saw the price make a strong break of the support area and is now making a pullback.  We are seeing multiple long wick candles rejecting the area. Which confirms our short setup. 

We will be entering this trade on the 4h timeframe. Here is why;

Looking at the 4h timeframe, the pullback from the daily formed a triangle pattern. When the price breaks that pattern (to the downside), we’ll be looking for an entry. 

Daily:

4h:

 

NZD/USD:

Our next setup is slightly more risky, because we are seeing strong bearish momentum approaching the area. We want to see loss of momentum. 

Since this is a strong S/R area and price also aligns with the 50 EMA. We will consider this a potential setup, but we will be waiting for strong bullish price action before we enter this trade long. 

 

Thank you for reading and don’t hesitate to ask if you have any questions!

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5 thoughts on “Weekly Market Analysis 11.04.2022 – 15.04.2022
  1. I think the USD will take a breather this week, so NZDUSD long should be good too.
    Thanks for the analysis.

  2. Nick, I must actually say that your analysis and guides are are positively making a huge difference to my trading strategies and livelihood.

    Thanks a million for your genorisity.

    1. Hey Ernest!

      Thank you for your kind feedback!
      Knowing that we are making a positive change towards your trading means the world to us and is everything that we are working towards.

      Keep up the good work and never give up!