Jan 27 – Feb 1 – 2019
How did we do this week?
CHFJPY – Failure test at low of the range kept me out of this pair
EURAUD – This pair gave us the failure test upside which was great for our plan for the short. 208 pips were in this move.
GBPCHF – Tough play short in this trade and as usual, the four hour chart was used. A double top was formed on the 29th and lead to a 95 pip drop.
NZDCAD – Failure test occured for the short for 30 pips downside. You’d still be holding shorts into the weekend.
We had many pullbacks fail into a range instead of reversing. Potential pips of 299 was still decent considering the limited amount of opportunity that was posted.
Still waiting on the markets to heat up and when they do, long term viewers of these trading setups know that the amount of pips that become available to traders, is very good.