15 Free Forex Trading Setups For Nov 6 – Nov 10 2017
How did these setups do?
AUDCAD – A pullback can be considered a consolidation in price. A range can be considered a consolidation in time. Although the chart I posted had a bear flag consideration, always infer that I generally mean a consolidation in any form. I know some of you understand that but wanted to be clear. Shorting the breakdown gave 50 pips
AUDNZD – Was looking for a resumption to the upside that never happened. Price stayed pretty tight this week.
AUDUSD – Same as above. Stayed tight.
CHFSGD – We got the consolidation we wanted but nothing setup for a trade.
EURAUD – Consolidated
EURGBP – Flag broke to upside for 40 pips
EURHKD – Consolidated
EURJPY – I said to watch this pair on a lower time frame and it setup the short we wanted. Break of 132.37 lows on 4 hour chart gave us 93 pips
EURNZD – Our breakdown happened and plotted out 169 pips before a rally set in.
GBPAUD – Bear flag broke to downside for 60 pips before the rally back up.
GBPCAD – No trade as price consolidated
GBPCHF – Consolidation
GBPNZD – Bear flag broke to downside and gave 150 pips before heading higher
USDCAD -Price is sitting in our pullback zone but no trade
Just over 1250 pips were up for grabs from the setups last week. Astute traders would have had a double trade on EURGBP using the same setup and entry style I talk about in this blog and during these updates.
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Check out this blog post about last weeks setups when I responded to a question from a user of my setups!
Be careful this week as we have some EURO heavy setups. Pick the ones that make sense to you! Do not over expose yourself with risk.