Dec 13 – Dec 18 2020
How did these do?
AUDCHF – We got our failure test for a 40 pip drop but price ripped right back to the upside the next day.
AUDJPY – 50 pip move upside after price probed lower and lower prices rejected
AUDNZD – Price didn’t reject lower
BTCUSD – Price formed a range under resistance which lays odds to an upside breakout. This is our standard way to play breakouts – basing or other patterns below resistance or above support. $4649 run to the upside off the 3 day range under resistance (four hour chart)
EURCHF – Once momentum steps in, we no longer look for reversals.
GBPAUD – Price pulled into our zone for shorts and 95 pips to the downside off the 1.7790 lows
NZDCAD – Short lived downside for 49 pips off break of .9043 lows
482 pip potential week with setups that are repeatable. You won’t always get a trader trigger (like EURNZD) and you will miss trades (AUDNZD). Just keep stepping up to bat to hit those trades you are looking for. Following the plan includes having a trade trigger and parameters for a stup. Without those, you are just hoping.
