Jan 26 – Jan 31 2020
How did these FX setups do?
BTCUSD – One of the few Bitcoin charts we’ve posted and this pullback ran almost $1000 to the upside.
CADJPY – Was looking long if support held which it did not. What we did get was a breakout and rally back to the underside of the support zone for a short. 60 pip drop from break of retracement lows
CHFJPY – Pullback was in play even with that price drop. While price did begin to rally, there was no entry even on the four hour chart
EURGBP – Downside breakout and retest was in play and the four hour chart gave a failure test entry for 65 pip drop
EURJPY – Strange price action with support holding yet no entry
USDCHF – Pullback in play with a 92 pip downside drop
USDJPY – This was a two way potential trade and price broke support. Clear rally for a retest with a four hour double top entry for 65
Tough week in terms of price movement to trade. Some of my stock trading friends are finding their watch lists a little empty so these types of markets are normal. 90 pips up for grabs but this week was a lesson in patience.