Analysis of the high probability opportunities for this week in Forex, Indices & Commodities.
Click on the video to watch the full breakdown
September is usually a time when the market gets back into the swing of things, as traders return from the summer break.
After NFP last week, we also have more clarity in the where price action is hinting it’s going. Many less-experienced traders will have been fooled by the choppiness and volatility last week, but the higher timeframe has prevailed – as it usually does. Dollar has cemented its strength, so we can deduce that the probability is now to the downside on the XXX/USD pairs (or Bullish on USD/XXX pairs).
At the same time, there’s also some interesting setups forming on the Minor FX pairs. We are in long-term pullbacks/retracements on several pairs on our shortlist for the week. That means, if we’re at the end of the pullback, catching a swing this week on a lower timeframe could bring higher risk:reward. Again, the bigger picture tells the real story when you zoom out.
Tip: remember to time the setup ideas with the News – or wait until after.
In this video we go over these opportunities for the week:
- Crude Oil
Written by: Dima Mihailovich, Technical Analyst for Forex Prop News
Contact and follow Dima on Twitter: @dimafpn