Feb 16 – Feb 21 2020
How did these do?
AUDCHF – Wanted short and failure test sets up a 110 pip drop
CADJPY – If there ever was an example of a pullback failure, this was it.
CHFJPY – 215 pip move upside on support holding. Entry was trendline break on four hour chart.
EURJPY – Was expecting a play at support due to an overextended market as noted on setup chart. 213 pip upside move on break of 119.24
NZDUSD – Was thinking we’d get another leg up depending on how price reacted to .6463 level. No leg up and shorts were in play but no entry
USDCAD – Ranged
A few strong moves last week that gave a potential of over 550 pips. Simple patterns and entry triggers work. As you flip through your own charts mid-week, you may always find pairs not listed having great moves. The fact is that during the weekend, price is not in my area of taking a trade. As the week progresses, price evolves that may setup and trigger. Keep in mind these setups are after market close on Fridays and things will evolve the following week.