July 26 – July 31
AUDUSD – Pullback resolved into a 87 pip upside run.
EURUSD – The Euro kept its upside run never giving a pause on the daily chart to get involved. This move is a carryover from the previous weeks setup and trigger.
GBPUSD – There was no weakness and price broke out to the upside. Using the four hour chart, entry came mid-week (28th) after a momentum move and 3 candle low volatility pullback for 224 pips.
USDCHF – Price bounced but far below the potential support zone. As mentioned, day traders would have had a playable move but swing traders did not.
USDJPY – Price did break support and after a few days of slow down drift, huge spike up that was unfortunately, not a playable move for me.
732 pips this past week along with a $332 run in Bitcoin.
This week, like every other week, shows that you don’t need complicated trading strategies to be a trader.
Long time viewers of these setups know they’ve seen this approach repeated every single week. Simple price patterns with preferred entry methods along with stop levels and management, is a clutter free approach that works.