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Video: Wait for USD to End Its Retracement, Then Watch These Areas

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

Click on the video to watch the full breakdown

Every market we shortlisted at the start of this week has been playing out in its bias as analysed.

Every market is trending and making new highs or lows. Momentum is strong. And it may not be over yet…

USD still remains the focus, along with now EUR and CAD to a lesser extent, because of the higher timeframes and the news that occurs this week .

You may find that some scenarios have played out without you – the market moving in your favour and the old emotions of Fear Of Missing Out creeping in… No big deal: wait for the next retracement and re-join the trend.

That’s where we are at now: a pullback phase of larger trends.

Let’s observe carefully what price does next. Today’s video is about finding the right zone/area of price and the right time to make the most of the current opportunities available.

As always, it’s only a probabilities game, and no matter how good the analysis is, the market can always do something else. Risk Management is still priority.

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

  • GBP/USD
  • EUR/CAD
  • USD/JPY
  • CAD/JPY
  • GBP/NZD
  • EUR/GBP
  • SP500
  • Gold

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

Contact and follow Dima on Twitter: @dimafpn

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