Feb 17 – Feb 22 – 2019
What happened this week?
AUDCHF – Price dropped like a stone from our location for potential 68
AUDNZD – Price pulled back after the break but no trade
CADCHF – Nothing going on in this pair
GBPNZD – We did get upside but our failure test setup at resistance was the maker for this pair. The usual four hour chart used at these zones for the short and 150 pips and holding
NZDCHF – Failure test of highs and 110 pips potential
Still looking for some better trading conditions as some of our setups either went the other way or just ranged. There was 197 pips available off these setups and considering they were simple trades and 5 of our setups did nothing – not bad.
The truth is, the setups are not for you to make money off of. Although we had weeks last year where over 1000 pips were available, that was not the point.
It is about learning and in the most recent comment, read how long time viewer Shingi is using the principles learned through this site in a recent EURAUD trade. An earlier comment shows how these setups can run for longer than the week where I cut them short to summarize the trading results on this site.
Remember it is a bank holiday on Monday in the U.S.