May 24 – May 29
How did these setups do?
AUDNZD – Price just sat in a range
EURCHF – 68 pips on a breakout pullback trade. When price soars from the bottom (or top to bottom) of a range to break out, it will generally pullback quickly.
EURJPY – Basing on the four hour at the bottom of a pullback, play the 4 hour breakout of range to enter into higher time frame pullback. 234 pips to highs.
GBPCAD – On alert for downside move. On four hour chart, double top put in so sell stop break of trough between both tops. 170 downside pips.
Not all the GBP crosses did much of anything this past week. The trades that were available are the same type and setups that we’ve had for years on this website. Long time readers don’t see much different in entry techniques week to week. Simplify. 499 pips potential.