Feb 7 – Feb 12 2021
How did these do?
AUDNZD – Price stalled in our zone and the four hour chart showed a range and strong break. Buy stop highs led to 85 pip upside run
BTCUSD – One day pullback and four hour chart in play with breakout. Price ran $9000 to the upside and shattered resistance.
Traders would have seen the bull flag under the resistance zone for their entry.
ETHUSD – Got the lower time frame pullback and trend line break trigger for $207 upside run.
EURCAD – Price ranged
EURNZD – Price ranged
EURUSD – Price did rally and eventually fall but we had no obvious entry
GBPCHF – Price gave the pullback and engulfing four hour candle gave the entry for a 54 pip run
USDCHF – Monthly resistance held and great entry off of inside candle on the daily for 90 pips. Four hour entry was a pullback prior to break.
USDJPY – Price did pull back with strength. Needed basing on the four hour chart, and got a 46 pip upside run off of small trend line break
630 pips potential for last weeks setups. Using the four hour chart for entries off of daily chart setups, continues to be a good way to tackle these markets. The easiest way to enter is through stop orders so you have short term momentum on your side.
This week we have 9 setups and 2 of those are in cryptocurrencies. Both BTC and ETH are at highs and we have to monitor for strength or weakness before taking action.