Forex Trading Weekly Setups


Nov 17 – Nov 22 2019

Results

AUDNZD – Price ranged for the majority of the week in a tight base. Breakout play to enter a flag was 30 pips

AUDUSD – Failure test of highs off the four hour gave the expected short pop for 30.

EURAUD – Market continued to crawl upside but there was no entry on the four hour to get involved. Needed a deeper pullback on the 19th

EURCHF – Looking short but the price moved up although not with much strength

EURUSD – Beautiful failure test of range on the four hour for the entry. 60 pips

GBPAUD – Range

GBPCHF – Range

NZDCAD – Could have taken the test of lows on the four hour for the long entry. Waited until trend line break – more conservative. 105

USDCAD – 91 pips on a simple pullback trade

Another week showing that simple approaches work.  450 pips were up for grabs using pullbacks and ranges as setups.  Using lower time frames gives us trend line breaks and range breakout as entries.  AUD was the driver this week as GBP did nothing worth mentioning.  The consolidations we find ourselves in will eventually break.  Will you be ready?

I am not going to post all the GBP charts but if interested, keep those crosses on your radar.  The same type of market condition for most.

AUDNZD

AUDNZD

 

AUDUSD

AUDUSD

 

EURAUD

EURAUD

 

EURCHF

EURCHF

 

EURUSD

EURUSD

 

GBPAUD

GBPAUD

 

GBPCHF

GBPCHF

 

NZDCAD

NZDCAD

 

USDCAD

USDCAD

READ  JPY Strength Disappeared

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