A week of high-volatility ahead of us in the FX market as the US presidential election is only a few days away. Sharp and unexpected price movement could happen around the time election results are announced and days after. So stay vigilant and trade safely.
As you know I'm a pure technical guy! I don't care what the news says but rely on the pure price action for my trading decision. There is a lot of high-probability setups I'm watching this week but I would like to share the NZDUSD now.
After the strong impulsive decline on NU, the price has been trading sideways and it contained within a parallel channel. The upper boundary of the channel has been tested about four times and also rejected a strong S&R level.
I will be expecting further weakness on this pair in the days ahead. I will wait for the break of the green line for entry and my stop at red lines for both conservative and aggressive stop placement.
What are you looking at this week? Will you be trading? Let me know in the comment
Regards,
Veejahbee.
As you know I'm a pure technical guy! I don't care what the news says but rely on the pure price action for my trading decision. There is a lot of high-probability setups I'm watching this week but I would like to share the NZDUSD now.
After the strong impulsive decline on NU, the price has been trading sideways and it contained within a parallel channel. The upper boundary of the channel has been tested about four times and also rejected a strong S&R level.
I will be expecting further weakness on this pair in the days ahead. I will wait for the break of the green line for entry and my stop at red lines for both conservative and aggressive stop placement.
What are you looking at this week? Will you be trading? Let me know in the comment
Regards,
Veejahbee.