Price Action Watch: February 27th - March 3rd, 2017
Price Action Tracker | Feb 27, 2017 07:18AM ET
In this week's market analysis, we will look at potential trading opportunities and zones where we should look for price action, evidence and potential moves.
Pairs and markets analyzed this week: AUD/USD, GBP/CAD and SP500
AUD/USD, weekly mother bar break out at resistance
AUD/USD, Mother Bar Break out on the weekly chart at major resistance area 0.76866-0.77616, potential move to the downside from this zone
1st management point 0.745
2nd management point 0.735
GBP/CAD, Fakey at support
GBP/CAD, nice fakey on the 4hr chart at resistance area 1.61108-1.6247, potential move to the upside from this zone (1st management point 1.644).
SP500, where will it stop?
“Don’t fight the trend” is a cardinal rule of technical analysis! SPX500 on a massive uptrend, closing an impressive 10 out of the last 11 days bullish.
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