3 Trading Opportunities I Will Be Looking For In The Coming Week

by: Colibri Trader


3 Trading Opportunities

Dear Traders,

The trading opportunity from last time is still looking positive. Although there was a very bearish candle, the price has not dropped below the stop-out level. I am still looking for more action in this pair, which leads us directly to the first trading opportunity:


3 Trading Opportunities- EURUSD

EURUSD dropped down to 1.1875 and then quickly retraced up to 1.2000. It looks like the momentum is still bullish.

I will share with you my observations from the 4H chart:

3 Trading Opportunities

It looks like the price is closed between a minor support and a major resistance area. I will be looking for possibly a bullish sign to go long again.

Just be careful with the pinbar from the 14th of September when placing your stops.


3 Trading Opportunities- AUDUSD

The next pair I am looking at before the beginning of this week is AUDUSD. The scenario here is very similar:

3 Trading Opportunities

There is a major resistance area formed at 0.8100. There are two minor support levels at 0.7870 and 0.7825. I will be looking for the 4H chart for a potential trend-continuation setup.

For now, price is acting pretty chaotic and is not giving us a hint of where it will go next. I am just patiently going to wait and read the tape for the next few trading sessions.


3 Trading Opportunities- Crude Oil

The last trading opportunity that I will be waiting for in the new week is Crude Oil. Here is the chart:

3 Trading Opportunities

Price is rejection the 50.25 level. There are two daily rejection candles, which bodes well for the bulls. The 4H chart above is showing more bullish bias.

There was a pinbar candle a few sessions ago. It gave a good entry opportunity.

Price has printed two indecision candles on top of the support level and a bullish candle. I won’t be surprised to see price going higher first to test the resistance area.

A very good opportunity will come if price decides to test again the imminent support level and print a bearish rejection. I will be watching Crude in the coming sessions, too.

Happy Trading,

Colibri Trader



Have you checked out my recent article on Advanced Fibonacci Strategies?

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If that is not enough- e-mail me directly at: admin@colibritrader.com


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