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Video: Missed Out on USD Buys? Here’s What to Look for Next – Plus: Entries on Minor Pairs

Thursday Technical Analysis of the high probability opportunities for this week in Forex, Indices & Commodities.

Click on the video to watch the full breakdown

Most of the high probability scenarios have passed on the USD pairs, but if you’ve missed the entry ideas, here are some further opportunities.

We’ve not yet reached our ultimate target point on the Dollar, therefore there’s still a chance to make use of the uptrend.

Remember that a cheaper price is always a better place to buy from, therefore it’s wiser to not FOMO into the market as you see it moving away without you. The next pullback will always appear at some point.

Whether it’s News-led or otherwise, whether it’s fast or slow in action, candles that have weakness by nature, signify a retracement that you can make use of.

It’s more important to get the direction right, than trying to achieve a perfect entry.

Or to put it another way, entering at the right time (i.e. when you have clarity of the situation) is more important than achieving the right price. The sharp reversal off significant lows hints at the continuing Buy Side bias. Now, we can prepare for the next steps and the road ahead is clearer.

Taking these points into consideration avoid a lot of low quality trades.

Apart from the Dollar ideas, the next immediate areas your eyes may be drawn to at the time of writing this, is EUR/NZD’s buying zone, and EUR/GBP’s buying zone. Reasoning is: they are continuing on their clear trend and the market has shown cheaper prices.

As always, take the news from the calendar into account…

In this video we go over these opportunities for the week:

  • GBP/USD
  • USD/CAD
  • USD/JPY
  • CHF/JPY
  • EUR/GBP
  • EUR/NZD
  • SP500
  • AUD/NZD

Written by: Dima Mihailovich, Technical Analyst for Forex Prop News

Contact and follow Dima on Twitter: @dimafpn

(Please note: All comments made in this video and article are not trading or investment advice and are for education purposes only. You are responsible for your own decisions and the associated risk.)

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