The Best Trading Setups this Week

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Published: Apr 21, 2017, 12:35 GMT+00:00

Maybe the calendar was not packed but this week was good in terms of the trading occasions and volatility. We had a huge drop on the Oil, Strong upswing

Maybe the calendar was not packed but this week was good in terms of the trading occasions and volatility. We had a huge drop on the Oil, Strong upswing and then a correction on the EUR and a surge on the GBP. Hopefully this will continue in the next week.
Gold had a steady but a very technical week. Here we did not have any crazy swings but a very easy technical trading. After making new highs we had a flat correction – flag, which ended on the strong support created by the broken down trendline. Outlook is bullish.
Cable is having a similar situation like gold but here the upswing was stronger and the correction is even weaker, which shows the dominance of the buyers. As long as we keep the pressure high and stay above the upper line of the triangle, the sentiment is positive.
EURJPY after a strong first half of the week is heading lower. We bounced of the strong long-term resistance (lower line of the flag) which makes the sentiment strongly bearish.

About the Author

Tomasz Wiśniewskicontributor

During his career, Tomasz has held over 400 webinars, live seminars and lectures across Poland. He is also an academic lecturer at Kozminski University. In his previous work, Tomasz initiated live trading programs, where he traded on real accounts, showing his transactions, providing signals and special webinars for his clients.