Setups for the week ahead 26.10-30.10.20

 EUR vs CAD

Ovarall Picture is ranging. 

EUR vs CAD W

Price is having struggel to fall below the most recent low. At appears price may touch range resistance top round about at the black dashed line. Risk to reward ratio is favourable. That's why this asset made it to my watch list. 

USD vs CHF

Price at support.

USD vs CHF W1

This pair is bearish, but bears failed to break below support. Price may retrace at this interesting round number level giving an opportunity to gain some pips. So this asset is on my watch list.

AUD vs USD

Micro structure appears bearish. Looking for a continuation north though.

AUD vs USD W1

This is on my watch list for future trades. Price broke a recent resistance level and stalled after a nice run north. Currently price is at the former resistance level, which is very interesting. Future will show if this level holds. The 0,7 level is what I am watching. I would favour a correction follwed by a run north towards the 0,8 level. But time will tell. Am not looking to trade the correction but staying on the loop to trade the potental forming new bullish trend. We have the higher high, now looking for the higher low.

USD vs CAD

Price at support.

USD vs CAD W1

Overall Picture is bullish, even though there was a strong berish push down. Structure still forms higher highs and higher lows. Price is currently at support level, that's why this asset is on my watch list. Keep in mind that support is not a single line.


Happy trading,

TT