Oct 18 – Oct 23
How did these do?
AUDCAD – Price broke down and a retrace and breakout set the run down of 71 pips. I didn’t have an entry for the run up.
AUDJPY – We didn’t get any breakdown which kept us long as mentioned. Trend line break on four hour chart lead to 54 upside pips.
CHFJPY – We got the support and a simply trend line break for 122 pips upside.
Pretty decent last week with 668 pips potential. The key for the trend line entry is to define your trend line drawing rules. My rules including having to use the final swing into lows or highs as a point of contact. It’s a fanning of the trend lines but is rules based.