The Market Ranger - Potential Trade Set-Ups for the Week (June 19-23)

EURO vs. USD: Containment Peak Level for this week

Euro has been trending for the past month and right now currently consolidating in a key level 1.11119. A Pin Bar is visible with its tail rejecting the support level, however there was a retest on the same level. To confirm with this is continuation or reversal, we will have to wait for second price action signal. Two things will happen: (1) it may form another Pin Bar rejecting 1.11119 level or (2) It will move downward and form a new trend.

AUSTRALIAN DOLLAR vs. USD

We can obviously see a Price Action formed as Aussie is making an upward momentum; right now it bounced forming a Pin-Bar with Fakey and Inside Bar @ near-term resistance level 0.76097. This may be a reversal with a high probability downward direction. This can be a good signal to sell but the best thing to do is wait for a retracement at 0.75181 support level.

NEW ZEALAND DOLLAR vs USD: Bearish Trend

Kiwi is in an obvious downtrend direction, we can eye an obvious price rejection at 0.73005 Resistance Level perfect signal to go SHORT as it is confluent with diagonal trend line and forming a FAKEY-PIN BAR COMBO which signifies a clear resistance-rejection. This is a perfect high-probability signal that can be profitable/ worth to take the risk.

GOLD vs USD: BullishMarket

We can clearly see in the chart the Gold is still on an uptrend BIAS. Price is now at a support zone where we can spot a good price action signal at 1244.05. This is a key level that may give us a go signal to enter LONG and profit from its upward movement. Resistance level would be at 1296.39 which is quite wide, with that, we can project a 3R profit.