6 Free Forex Setups: Sun July 29 2018 – Fri Aug 3 2018
1 Cryptocurrency Setups
The setups below gave potential of over 550 pips for the week. Here is how they played out.
CADAUD – Pullback happened on July 31 and break of reversal candlestick high for a run of 73 pips where it found resistance at a major turning point
CADCHF – We had a deeper pullback that was needed for long trade consideration. Due to the ranging price action, dipping down to our four hour chart showed a strong reversal and upside break for 77 pips.
EURGBP – Price ranged
EURJPY – We did get our bounce in price that ran 146 before breaking back to the downside.
GBPCAD – Price pulled back virtually to the pip of the low of our red zone and then broke downside for 185 pips.
USDJPY – Short lived upside for 80 pips.
BTCUSD – Our bull flag never happened as price shattered to the downside.
Our pullback setups did pullback into our zones later in the week but we didn’t get much in the way of price action entries. Total potential pips were over 300 and they were not difficult setups + triggers to get
We haven’t shown many BTCUSD setups the last while but this weeks was perfect. A run of $1000 if you simply watch the price evolve at the location shown on the setup chart.
Make sure you read a recap on the EURCHF currency pair where I talk about pullback failures and how to spot them.