Forex Trading Weekly Setups Archive

Nov 15– Nov 20 2020

How did these do?

AUDCHF – Never got a trigger to ride the little upmove.

AUDJPY – Price was right into our trading zone. 32 upside off reversal candle.

AUDNZD – Barely got a pullback that we could short

AUDUSD – Price broke upside and entry off 4 hour trend line break. Barely 40 pips upside.

EURCHF – Price just ranged

EURNZD – Not pullback to short

GBPCHF – Could not get the original bounce from our level. Price gave a pullback and a simple break of highs gave 60 pips

GBPJPY – Gave up more downside for a long trade but far too much of range above where price held.

GBPUSD – While a deeper pullback would have been nice, price was at our first level. Missed the first move up off of lows, no entry. Price pulled back and just a break of highs for entry. 78 upside.

NZDCAD – Price gave conflicting price action at highs. No pullback. No trade.

NZDCHF – No entry.

NZDUSD – No trade.

Potential of 377 pips this past week. AUDCHF had a nice run but when you have objective entry triggers, there will be times you miss a trade. EURJPY was a good example of a rules based approach. The pullback was too strong to consider it a simple pullback trade. Seeing price spike through resistance and setup up a reversal candlestick gives us a failure test setup.

The lesson? Ensure you have your rules laid out before you trade.

AUDCHF

AUDCHF

AUDJPY

AUDJPY

AUDNZD

AUDNZD

AUDUSD

AUDUSD

EURCHF

EURCHF

EURNZD

EURNZD

GBPCHF

GBPCHF

GBPJPY

GBPJPY

GBPUSD

GBPUSD

NZDCAD

NZDCAD

NZDCHF

NZDCHF

NZDUSD

NZDUSD

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