Set ups for the week

Dear Dynamic Traders,

Hope you are enjoying your weekend. The markets have been very generous of late particularly for those following the trend. The AUDCAD mentioned early last week continued to rally and produce nice profits. It is however approaching a strong resistance level (as pictured below in the weekly chart) and a RN. As the trend is up there is nothing stopping it from continuing to rally, though a pullback may be witnessed and therefore good trade management is required for profit preservation.














EURJPY

The EURJPY has been in a form of consolidation for a while as can be witnessed from the chart below. Price has pushed through the value index and gained some momentum. It is now contemplating a previous resistance. If it manages to successfully break through a good long opportunity presents itself with a possible ESLT entry.














USDCHF/Swissy

The Swissy has been in a downtrend for a while as per the weekly chart below. Again with this chart price is tackling a previous support and a significant RN. If the sellers outweigh the buyers the trend will continue. Its a good time to tighten the stops to preserve profits or get ready for another opportunity to enter if price successfully tackles the upcoming obstacles.














Good Trading!
Bijal Shah