May 17 – May 22
How did these do?
AUDCAD – Nice trend line break on the four hour chart that lead to a move to resistance. When price did not break down, traders who were long should have been holding. Traders not in a trade should see basing below resistance as a bullish move. From first entry to highs, 102 pips
AUDNZD – Were looking short as shown on the setup chart. Double top on four hour chart. There was no failure test entry and had to wait for the breakdown below 1.0784. 115 pips to lows.
BTCUSD – The price pattern including higher lows into resistance had me leaning long. Price had other thoughts and broke down.
EURGBP – Price did not reverse and ranged at highs.
GBPAUD – Price continued to grind lower. No entry short and certainly not long
GBPCAD – Price based at lows
GBPCHF – Price had broken out and as noted, there was no short “yet” when the setup chart was posted. We had a pullback and on the four hour chart, the rejection zone was clear. Lead to a 112 pip drop. There was also another opporutnity on the second pullback.
GBPUSD – Price dropped into the bottom of the channel and we were counting on getting the reversal for a trade as noted on the setup chart. Buy stop highs of reversal zone ( you can infer a range) and we had a 170 upside pop
900 pips with only the GBPAUD not giving a clear entry. Double bottoms, head and shoulders (not perfect), pullbacks after momentum thrusts…..we have several entries that were available. The AUDNZD, lots of pips left on the table but the strong momentum off the bottom of the range was a tough play.