Forex Trading Weekly Setups Archive


Nov 1
 – Nov 6 2020

How’d these do?

AUDCHF – Shorts were in play until the higher low was confirmed with a new high which is an uptrending structure. A break sets up a pullback and we get an obvious reversal candle. Buy stop the high leads to 85 pips upside.

BTCUSD – Price was ranging and using four hour chart to find trigger longs. Break of down sloping trend line sets up a pullback to the topside of that trendline. Bitcoin runs over $2000 (16%) before turning over.

EURCHF – No plays

EURJPY – No much of a pullback

GBPUSD – Price dropped right to our marked zone. Buy stop high of daily candle (clear reversal candle) leads to 235 upside.

NZDCAD – Price came to our zone for a long but there was no trigger so a good upside move was missed.

If traders still doubt the benefit of using a lower time frame entry when possible, this week shows how important it can be. 411 pips potential but some of the 1-2 day momentum moves would have been tough using the daily chart for entry. I do like staying with the daily during nice trending events but lately, we’ve seen very little of those.
Be careful this week as the U.S. election takes place!

AUDCHF

AUDCHF

BTCUSD

BTCUSD

EURCHF

EURCHF

EURJPY

EURJPY

GBPUSD

GBPUSD

NZDCAD

NZDCAD


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