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Video: Stay Out of This Type of Mid-Week Movement! Wait for Price To Do This First

Mid-Week Analysis of the high probability opportunities for this week in Forex, Indices & Commodities.

Click on the video to watch the full breakdown

It’s one of those weeks… Despite yesterday’s FOMC release, the markets are remaining unclear and lacking in momentum. Direction is hard to read. There are ranges and sideways price action in many markets.

Gamblers we are not. But patient we are.

Neither the Dollar nor the Crosspairs are showing high probability, as you can see in the video. This combination of both higher timeframe and lower timeframe confusion is what creates confusion even more.

So waiting is the best course of action at this time. Staying on the side-lines has the benefit of preserving capital. Eventually, the markets will show their hand and we’ll be there to capture the moves.

Be confident in the system. No trade IS a trade.

Out of all, the two that look the most interesting so far are:

  • EUR/USD — This is a riskier reversal idea, showing signs of retracing back down to a cheaper price. Any entry on this market will have to be done on much lower timeframes to capture a decent move.
  • AUD/NZD — The continuation Buy scenario looks more likely, therefore that’s the bias, but again, you’d need to zoom in on the entry and perhaps also leave a wider StopLoss. This is consistently tricky pair to trade. (You’ve been warned.)

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

  • EUR/USD
  • CAD/JPY
  • NAS100
  • GBP/CHF
  • AUD/CAD
  • AUD/NZD
  • EUR/GBP

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 risk that goes with it.)

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