Gold: Opens above a key level for me: 1118.80
Week open price 1125.80
Oil : Above 80 but immediate support at 79.29 and then 77.65
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Weekly focus:
1:Money management.
2:Keeping thing/ approach simple.
3:Trend is my best friend.
4:Implementation of my trading method and building confidence.
5: Absolutely no expectations from the market.
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EUR/USD (Trading on H1 Chart)
EUR/USD opens week higher than the last weeks closing price: A bullish signal.
Bullish above: 1.3616 and or above 1.3657 (This is a 61.8% ret and previous resistance)
Above that I am watching 1.3714 and then the channel resistance and a resistance level 1.3788/1.3800).
However, selling the highs is another good approach as EURO zone is facing lot of challenges and a move above 1.3850 is the only confirmation of trend change.
USD/JPY (Trading on Daily Chart)
Support 91.27 and Resistance 92.27 (where 200 SMA is present on the daily chart)
GBP/USD
Last week the pair broke a key support level at 1.5575/1.5554 : Now should act as a Resistance. The pair is in the retracement. Looking to find entry on the resistance levels.
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