Weekly Market Analysis 22.08.2022 – 26.08.2022

Posted on

If you want to stay updated with how we play out these trades, CLICK HERE and join our Discord Community where we post daily updates!

 

CHF/JPY Potential Trade: 

We’re looking for a short trade here after a triple top pattern formed. This isn’t a setup that we’d normally take, as it’s a reversal counter-trend setup, but we’ll monitor it either way. 

 

GBP/AUD Potential Trade: 

Altho we invalidated this setup last week, we saw the price form a strong engulfing pattern afterwards which made this setup valid again. 

We’ll be looking for an entry on the 4h timeframe through a pullback into a 4h S/R area.

Daily:

4h:

 

 

GBP/NZD Potential Trade: 

The price broke the support area and made a pullback with long wicks rejecting the area.
Unfortunately, the Friday candle was a strong bullish candle, meaning we’ll wait for another bearish candle this week before looking for an entry.

 

USD/MXN Potential Trade: 

The price broke the support area and made a pullback along with a long wick rejection candle. We’ll look for an entry on the 4h timeframe.