{"id":218449,"date":"2023-02-22T14:25:29","date_gmt":"2023-02-22T14:25:29","guid":{"rendered":"https:\/\/www.forexmentorpro.com\/blog\/?p=218449"},"modified":"2024-05-24T18:05:39","modified_gmt":"2024-05-24T17:05:39","slug":"set-ups-for-the-week","status":"publish","type":"post","link":"https:\/\/www.forexmentorpro.com\/blog\/set-ups-for-the-week\/","title":{"rendered":"Set ups for the week"},"content":{"rendered":"<p>Hi members,<\/p>\n<p>Please find the recording of the live session today below.<\/p>\n<p>Ashley went through the Earth and Sky set ups first and then I went through the M2 charts.<\/p>\n<p><strong>MAJORS<\/strong><\/p>\n<p>Keep watching the $index it is now at a major &#8220;make your mind up&#8221; area on the weekly charts. I said a few weeks ago that even though it was dropping I suspected a move up was more likely than down, so far that has turned out to be the case.<\/p>\n<p>Remember I am looking for \u201cA\u201d grade trades from weekly &amp; daily charts that I can place the orders and then just walk away. A \u201cB\u201d grade is one that I will watch on smaller timeframes to see how it reacts if it hits my zone.<\/p>\n<p>EUR\/USD:\u00a0 I show in the video how 1.0610 is the stronger area for me to long, for multiple reasons. But I don&#8217;t fancy taking it for now so will be leaving it alone as it&#8217;s not very clear. Keep an eye on the DXY.<\/p>\n<p>USD\/CHF: A grade short at 0.94500, watch DXY for correlation. It helped last week. A long is also possible at 0.9250, watch the video.<\/p>\n<p>Do not take the Euro\/$ &amp; Chf at the same time. They are correlated so it&#8217;s the same &#8220;bet.&#8221;<\/p>\n<p>GBP\/USD: Im up 200 pips!, 1.22320 will be of interest to short if it pulls back. Showed in the video how I used my M3 strategy to catch it.<\/p>\n<p>AUD\/USD: 0.7120 is an interesting area for a short. Also watch 0.70 area as its a huge level.<\/p>\n<p>NZDUSD: I wouldn&#8217;t touch it for now but my bias is to short. Watch the video.<\/p>\n<p>USD\/CAD:\u00a0 Recent Cad news has been better than expected. On the 4 HR interesting to long again now at 1.3270. The Absolute A grade for me is around 1.300 which has been massive support and resistance going back 20 years. So if there is a big drop after the news it will &#8220;probably&#8221;- (remember we trade probability), at least struggle there. No guarantees of course but 20 years suggests it&#8217;s in my favour \ud83d\ude42<\/p>\n<p>USDYEN: leaving alone for now<\/p>\n<p><strong>CROSSES<\/strong><\/p>\n<p>Some are A grades where I will place forward orders, most pairs have \u201careas of interest.\u201d I have a lot of similar crosses so be very\u00a0<a href=\"https:\/\/www.mataf.net\/en\/forex\/tools\/correlation\" target=\"_blank\" rel=\"noopener\">careful with the correlation.<\/a><\/p>\n<p>EURGBP: 0.8650 is the A grade long for me. Intraday 0.88220 is an area to watch as there is a trendline. watch the video.<\/p>\n<p>EURCAD: Its still 400 pips away. 1.4010 is my area for a long.<\/p>\n<p>EURNZD: I took partial profits and am currently up 290 pips! will look to enter again at 1.6850<\/p>\n<p>EURAUD: Overall in a downtrend but stuck in a range that is around 250 pips. Look for shorts around 1.55500. watch the video for more clarity.<\/p>\n<p>AUDCAD: I wouldn&#8217;t short it. 0.9110 is interesting for a long.<\/p>\n<p>CADJPY: interesting to long at 92.20<\/p>\n<p>GBPCHF: 1.1490 is where I have placed my forward order. It is a major area of resistance but still far away, been waiting for weeks.<\/p>\n<p>EURJPY: split entry at 142.10 and 141.70 for a long.<\/p>\n<p>AUDJPY: quite messy but 91.70 area stands out for a long. Prefer the EURJPY.<\/p>\n<p><a href=\"https:\/\/www.mataf.net\/en\/forex\/tools\/correlation\" target=\"_blank\" rel=\"noopener\"><strong>As always, remember correlation!\u00a0<\/strong><\/a><\/p>\n<p><a href=\"https:\/\/www.forexmentorpro.com\/blog\/mw-post\" target=\"_blank\" rel=\"noreferrer noopener\"><img decoding=\"async\" src=\"https:\/\/www.forexmentorpro.com\/blog\/wp-content\/uploads\/2017\/01\/728x90-.jpg \" alt=\"\" title=\"\"><\/a><\/p>\n<p>We are NOT a \u201ctipping service\u201d our aim is to teach you how to trade for yourself.<\/p>\n<p><iframe src=\"https:\/\/player.vimeo.com\/video\/800898537?h=dec88a1296\" width=\"640\" height=\"255\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\" data-mce-fragment=\"1\"><\/iframe><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Hi members, Please find the recording of the live session today below. Ashley went through the Earth and Sky set ups first and then I went through the M2 charts. MAJORS Keep watching the $index it is now at a major &#8220;make your mind up&#8221; area on the weekly charts. I said a few weeks [&hellip;]<\/p>\n","protected":false},"author":1939,"featured_media":216802,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","rank_math_lock_modified_date":false,"footnotes":""},"categories":[2],"tags":[],"class_list":["post-218449","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-forex-analysis"],"_links":{"self":[{"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/posts\/218449"}],"collection":[{"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/users\/1939"}],"replies":[{"embeddable":true,"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/comments?post=218449"}],"version-history":[{"count":1,"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/posts\/218449\/revisions"}],"predecessor-version":[{"id":218450,"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/posts\/218449\/revisions\/218450"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/media\/216802"}],"wp:attachment":[{"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/media?parent=218449"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/categories?post=218449"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/tags?post=218449"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}