May 12 – May 17 2019
How did these do?
CHFJPY – Weak rally continued throughout the trading week
EURCHF – One day momentum move downside without any entry even from the four hour chart. Tough to miss that.
GBPAUD – Market ranged throughout the week
GBPUSD – We wanted to see upside strength for a long which means weakness for a short. Market broke through the small range and the retest was lazy. We also had basing under the now broken support. The failure to break back above is a sign for a short. Position on a breakout of the small range on the four hour chart for 223 pips
A good week played out last week and I must keep on reminding traders….there is nothing different we do from week to week. We look for the same type of setups….use the same entry techniques…every week. Last week traveled 620 pips that you could have taken a piece of. Bitcoin buying had $856 added to the value as price broke upside from our setup zone.
XMRUSD did the same thing as bitcoin for there was not entry that was obvious except in hindsight
Not a fan of the price on charts this week but have four setups for you to watch.
