Jan 9 – Jan 14
AUDJPY – Price pulled right into our second zone, bounced for 52 pips. Rolled over into a complex correction.
EURAUD – Price put in a smaller bull flag off the candle high and broke up for 105 pips.
EURGBP – Price stayed in a trading range
EURJPY – Still forming a bull flag
GBPAUD – Was looking to short off the highs. Inside candle break to downside for 80 pips
GBPNZD – Price kept grinding higher. Would have looked short if sideways range like GBPAUD
USDJPY – Price sold off all week
Non-farm payroll release week is always an odd time to trade. Many times, we little price movement during the week but it teaches you the art of being patient. No need to create a trade when it is not obvious.
Potential pips of 450 pips this past week with GBPCAD being a rare picture perfect trade and trigger. Bitcoin is having a rough time making highs but there was a selling opportunity. I don’t take those as I am holding longer term.
Price this week is a little messy on some charts so ensure you have a trigger to enter the trades as we’ve discussed throughout prior setups.