April 7 – April 12 2019
How did these play out?
CADCHF – Muted move up and the four hour trend line break with a long bias was obvious. 45 pips potential before price pulled back
CADJPY – Long was in play and the failure test in a ranging environment was the entry. 67 pips upside.
EURCAD – Price was pulling back but the flag failed into a range before pulling back further.
NZDCAD – No trade
I know a lot of longer term traders are looking forward to the days where the markets made sweeping moves. For now, we are stuck in muted price action mixed with the odd momentum push. The issue is the momentum push is turning into a range and those take patience to trade. Just over 150 pips on the small selection of setups this past week. The last several weeks have been a challenge but still over 1000 pips were up for grabs with these free Forex setups.
For this week, be mindful of the CAD crosses because if one fails, they all may.