TRADEWITHBOLU WEEKLY FOREX ANALYSIS FOR XAUUSD, EURNZD, NZDCAD, XAGUSD (20TH JUNE-24TH JUNE 2022)
Hey everyone! Welcome to this Tradewithbolu week’s Analysis for the week ending June 24th, 2022. This week we will be taking a look at 4 Pairs and will be sharing our take on them. These pairs include: NZDCAD, EURNZD, XAUUSD & XAGUSD. 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.
A Break in Market structure to the upside spotted. Watch out for a possible continuation to the upside from the Point of Interest highlighted.
A possible continuation of the ongoing uptrend with the order block that broke structure as our main point of interest. We expect to also see a liquidity grab then a push to the upside.
We have seen a Break in Market structure to the downside. we are currently seeing a series of accumulation, we expect liquidity to be grabbed, then a push to the downside after filling up the Fair Value gap.
We have seen our previous Higher low being taken out, there is a possibility of a retest of the order block that caused the BMS, we will be taking an entry once we spot reversal candles at our Point of Interest
Remember to Apply Proper Risk Management always when Trading. Best of Luck this week in your Trading Journey.