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 potential setup of the week is going to be CHF/JPY. We saw the price break the resistance area and is now making a retrace. If the retrace reaches the now support area, we’ll look for a potential entry long, of course in combination with bullish price action.
We covered this setup last week already, but this week it is still a valid potential setup. After the price broke the resistance area it is now finally starting to make a retrace. If this retrace makes it all the way down to the now support area, we’ll look for a potential trade long.