Weekly Watchlist & Market Outlook (#1)
Welcome back, guys! I’m Skeptic, and today, I’m breaking down my weekly watchlist with key market setups. Having a structured plan before the trading week starts helps you stay mentally prepared, avoid impulsive trades, and stick to your strategy. So, let’s dive in!
1. XAUUSD (Gold) 🟡
Daily TF:
Gold has maintained a strong major uptrend and recently completed a price correction to 2842.15 (36% Fib) before resuming its upward movement. This signals a potential continuation of the bullish trend.
Trigger (Daily): Break above 2954.24 🔼
4H TF:
Price is currently in a range between 2896 (support) and 2927 (resistance).
2. EURJPY 💶
Daily TF: The pair is ranging between 155.551 (support) and 161.166 (resistance).
4H TF:
Long trigger: Breakout above 161.166 📈 (RSI entering overbought territory could add confluence).
Short trigger: Break below 159.291 targeting the range’s bottom.
3. GBPAUD
Daily TF: The key resistance at 2.02396 has been broken, signaling a new uptrend.
4H TF:
4. GBPNZD
Daily TF: Similar to GBPAUD, 2.23992 resistance has been broken, and price has pulled back.
4H TF:
5. AUDNZD
Daily TF:
A strong uptrend was recently broken, potentially signaling a price correction.
4H TF:
Final Thoughts 💡
Thanks for following this week’s watchlist! If you have specific pairs or assets you’d like me to analyze, drop them in the comments.
Growing alone may be fast, but in the long run, teamwork wins. Let’s grow together. ❤️
1. XAUUSD (Gold) 🟡
Daily TF:
Gold has maintained a strong major uptrend and recently completed a price correction to 2842.15 (36% Fib) before resuming its upward movement. This signals a potential continuation of the bullish trend.
Trigger (Daily): Break above 2954.24 🔼
4H TF:
Price is currently in a range between 2896 (support) and 2927 (resistance).
- Long trigger:Breakout above 2927
- Short trigger: Below 2896 (although trading in the trend’s direction is recommended for better R/R).
2. EURJPY 💶
Daily TF: The pair is ranging between 155.551 (support) and 161.166 (resistance).
4H TF:
Long trigger: Breakout above 161.166 📈 (RSI entering overbought territory could add confluence).
Short trigger: Break below 159.291 targeting the range’s bottom.
3. GBPAUD
Daily TF: The key resistance at 2.02396 has been broken, signaling a new uptrend.
4H TF:
- Long trigger: Breakout above 2.05139 🔼 for trend continuation.
- Short trigger: If 2.02396 fails as support (fake breakout), look for lower TF confirmation.
4. GBPNZD
Daily TF: Similar to GBPAUD, 2.23992 resistance has been broken, and price has pulled back.
4H TF:
- Long trigger: Breakout above 2.26565 📈 for continuation.
- Short trigger: If 2.23992 fails (fake breakout scenario).
5. AUDNZD
Daily TF:
A strong uptrend was recently broken, potentially signaling a price correction.
4H TF:
- Short trigger: Break below 1.10115 🔻 (sign of further downside).
- Long trigger: If price reclaims the broken trendline, indicating a fake breakdown.
Final Thoughts 💡
Thanks for following this week’s watchlist! If you have specific pairs or assets you’d like me to analyze, drop them in the comments.
Growing alone may be fast, but in the long run, teamwork wins. Let’s grow together. ❤️
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.