Weekly Market Analysis 25.04.2022 – 29.04.2022

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:

 

GBP/AUD:

Our first potential setup of the week is going to be GBP/AUD. 

Here the price is overall in a downtrend, so we are looking for short trades only. 

 

An opportunity appeared when the price made a pullback back into the previous resistance area. We are seeing the price slowing down, but the setup is not yet confirmed. 

To confirm the setup we will be looking for 2 things. 

The first one would of course be bearish price action on the area. 

The second is the trendline that we drew in. We will only look for entries once the price formed bearish price action and broke the trendline. 

 

GBP/NZD:

Our next setup is going to be another GBP pair.

Similarly to our previous setup, we are seeing the price make a pullback, back to the previous resistance area.

 

We are again looking for two things before entering the trade; 

The first is bearish price action, which we already got through long wick candles rejecting the area. 

The second thing we are looking for is for a break of the trendline. 

 

If that happens we’ll look for a potential trade short. 

 

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4 thoughts on “Weekly Market Analysis 25.04.2022 – 29.04.2022
  1. Thank you for the analysis.
    Have you always used trendlines as a tool or is this a recent addition to your trading system?

    1. Hey!

      Yes, trendlines have been something I have always been using. I don’t include them in the analysis very often, since Nick’s trading strategy doesn’t use them. But since the market has been quite slow recently, I included some other techniques into the analysis.