TRADEWITHBOLU WEEKLY FOREX ANALYSIS FOR EURUSD, USDCHF, XAUUSD, NAS 100 (9TH JANUARY 2023- 13TH JANUARY 2023)
Hey everyone, Happy new year!
Welcome to this Tradewithbolu’s weekly Analysis for the week ending January 13th, 2023. This week, we will be taking a look at 4 Pairs and will be sharing our take on these pairs. |
These pairs include: EURUSD, USDCHF, XAUUSD AND NAS 100
let’s dive in,
Firstly we would be checking out the FOREX Market News to have a heads up on what is in store Fundamentally for this week.
EURUSD
Previously we saw the EURUSD trade within a series of range, then we saw an expansion to the downside. These led to the formation of new lower lows indicating a possible new trend for the pair. We have highlighted the Order blocks that broke stucture as we wait for a possible entry of any of them.
USDCHF
We have marked out the possible order block entries. As we saw a previous Break of structure off these order blocks. We also saw the formation of new higher highs.
XAUUSD
XAUUSD (GOLD) has respected an upward trendline making up to 4 touches off it and breaking out of the Ascending triangle. We could see a return to the order block that broke structure or the trendline that it has successfully respected.
NAS 100
We have seen the formation of equal lows which indicate the presence of liquidity to be taken out towards the downside. We expect price to come back to the Order block that previously caused a BMS then push to the downside.
Ensure you validate entries with candlestick patterns as extra confirmations
Remember to Apply Proper Risk Management always when Trading. Best of Luck this week in your Trading Journey.
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