Forex Trading Setups and Signals – Archive

May 5 – May 10 2019

 

How did we do?

AUDNZD – 150 pips on the upside move helped by a price spike that reversed and sent price back down.
EURGBP – The long read kept pushing upside for 130 pips
EURJPY – Price continued its downside move with no long entry
GBPAUD – The short setup played out perfectly for 200
GBPUSD – Price collapsed 140 pips after the momentum candle set up a reversal trade
NZDJPY – No long trade
BTCUSD – We prefer pullbacks to work off any potential overbought condition but a range does the same thing.  Pullbacks don’t happen unless there is some selling and in this case, there wasn’t. We don’t get the breakout from the range until later in the week for $856 to the upside. 
XMRUSD – Price busts to the upside during the weekend from our area but we can’t count it for this weeks tally.

Let me mention that it is never the number of pips but what each pip is worth to you.  While we have had some amazing weeks over the years, 450 pips, even half of that, can be a good income for those with a fair sized account.

AUDNZD

AUDNZD

 

EURGBP

EURGBP

 

EURJPY

EURJPY

 

GBPAUD

GBPAUD

 

GBPUSD

GBPUSD

 

NZDJPY

NZDJPY

 

BTCUSD

BTCUSD

 

XMRUSD

XMRUSD


April 28 – May 3 2019

Results

AUDUSD – Price broke downside as indicated for a small leg down into prior support for 58 pips

EURAUD – 132 pips upside after the pullback bottomed out in what was a simple pullback trade

EURCHF – We expected a rally as noted on our setup chart and then the down move for 49 pips after a consolidation break off the four hour chart

READ  Forex Signals Trade Entry Tips & Tricks

NZDJPY – Pullback and short as written on the setup chart for 75 pips

NZDUSD – 57 pips to the downside as the pullback resolved in our expected direction

USDCAD – The breakout pullback long trade was in play but after the momentum to the downside, we took this pair off our rader. Price did rally after the pullback for 80 pips for those who stuck with it

We went 100% this week as each chart played out in some degree. 450 pips potential on simple repeatable patterns that work.

Not a bad week and two currency pairs made moves that hit home much of what I mention every week. You can check out the blog post called 2 Trade Setups Explained where I cover exactly how you could have taken advantage of these opportunities. What I cover can be repeated!

404 pips up for grabs plus a $300 move in Bitcoin from the setups last week

We still find many currency pairs in ranges on the daily chart. Those are a crap shoot and it is hard to find an edge in them. What I am looking for is a momentum move either out of a breakout or at lows or highs. From there, from the bigger moves, we can find our trades.

AUDUSD

AUDUSD

 

EURAUD

EURAUD

 

EURCHF

EURCHF

 

NZDJPY

NZDJPY

 

NZDUSD

NZDUSD

 

USDCAD

USDCAD

 


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