Trading inspiration for the week

EURJPY

We are starting up hard with EURJPY since the week has been very volatile. Right now the trade is short with 2/3 of the position from 134,650. The last 1/3 can be added later but I would have liked the weekly bar to close within the range which it didn’t. So I’m considering if this is a trade I should close soon.

 

AUDCAD

Here I see some resistance being broken soon. If it should happen I would like for price to come back and test it. So if we see a forceful break and then come back and test then I might be interested.

 

EURUSD

EUR has been tough on USD the latest week and it seems like the beating keeps on going. So I’ve spotted a couple of levels I’ll watch out for but I havn’t put in an order yet.

EURNOK

I had this one in my analysis last week too and I’m still interested. But the price hasn’t tested the levels yet where my orders are set.

 

GBPAUD

I also see a nice setup in the pair as long as we keep going down, like we did tonight without too much trending. We have an untested area further down where I could expect a reaction to trade on.

 

EURAUD

The last untested area I’ve found is in EURAUD.

If we look at the daily chart we are hitting some former support areas where we had a large reaction from. I could see this pair being quite strong this week and maybe we should up and test the top from last year.

 

 

 

Hans Henrik Nielsen

Hans Henrik Nielsen is a very experienced day and swing trader, teacher and publisher, who in the last couple of years has produced 80-134% profit on his day trading.

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