Sep 8 – Sept 13 2019
How did these do?
AUDCHF – After the great breakout trade from 2 weeks ago, we didn’t get a proper setup evolving from the price action.
AUDJPY – Price continued to grind higher not giving us any entry even off the four hour chart
CADJPY – Price just moved higher….no entry
CHFJPY – Pullback was in play…and we got upside 128 pips. Perfect pullback. Why? Momentum in the impulse move and a lazy corrective decline!
EURGBP – These are great trades that tip the probable move in advance. Watching price on the four hour, we get pokes below support and immediate regain of support. We get a momentum move off of support later in the week with zero follow through. Sell stop below the small range to position before the breakout. 101 downside potential
EURUSD – I could not make anything out of this price action this week. No trade
NZDUSD – Momentum to the upside, range, and failure test is the short. Not much, 50 pips, but something.
983 pips up for grabs this past week with some perfect trading setups and entries. I hope everyone is reading the updates that are posted above the previous weeks posted setups.
Make sure you check out the EURGBP update where I link up a screen capture of a perfect complex correction.
Also note the power of triangles on the GBPJPY. If you get wrong footed on these breaks. it can be painful!