Nov 22 – Nov 27 2020
How did these do?
AUDCHF – We were interested in upside from the triangle Only 35 pips using the four hour chart before price began to pullback
AUDJPY – Price had already broken a four hour trendline on the Friday leading into this trading week so we can’t take that entry. Only entry was an outside bar that setup on the Sunday with a break of high. Price ran 103 pips.
EURCHF – Price on the four hour chart was immediately reversed upon breakout. We couldn’t get a trade off short either.
EURJPY – We were looking at support at the bottom of the channel which we got. On the four hour chart, the entry was simple a break of highs that was put in before the lower low on Nov 22. Buy stop the high which gives a trending pattern of higher highs and lows. 108 upside.
NZDCHF – Not much to see here as price broke higher and ranged.
USDCAD – Nothing to see here
USDJPY – Was looking long and price ranged on four hour chart finding support. Buy stop high of range for 89.
I have to say this was a tough week. Price didn’t give much in the way of entries even on our four hour chart. Lower time frame traders would have had some good opportunities. 210 pips .
Price action is far too noisy on the daily charts to find much of anything worth rising.