Hey Traders! Happy Sunday, let's get this week started right with the Top FX Pairs on my watchlist,
And all the zones I am looking for possible trades in for this week.
Firstly we have EURUSD which for the whole of last week was in an Uptrend.
This pair has just crossed over the 50EMA and is now coming up to a Major WEEKLY Structure Resistance Level . This is...
Buy IG Group (IGG.L)
IG Group Holdings plc is a United Kingdom-based company, which is engaged in online trading. The Company provides contracts for difference (CFDs) in over 17 countries globally. The Company's segments include UK, Australia, Europe and Rest of World. The UK segment consists of its operations in the United Kingdom and Ireland, and derives its...
will be looking for a rejection off the daily resistance, and from my analysis I predict that the price will fall towards the 1 hour support line followed by a few hours of consolidation, good luck traders!
- Pauric Finnegan
1) Expecting a pull back into Daily resistance zone @ 113.847
2) If Daily resistance zone @ 113.847 holds
+ break of trend line expecting shorts to lower bounds of the range @ 112.35
3) Downside target ~ Support zone @ 112.354
4) if downside target @ @ 112.354
is achieved and broken will watch price action in this zone for further shorts towards 110.939 zone