Mar 7 – Mar 12 2021 – Results Updated
AUDCAD – Looking for a rally to short. Price pulled back into prior support turned resistance. Trend line break entry for 78 pips to lows.
AUDUSD – Was looing long off the zone price was in. Trend line breakout on the four hour chart lead to 109 pips upside.
BTCUSD – Price broke the weekly highs and sailed for $6800
EURAUD – We were looking shot and this was a simple sell off the reversal candle on the daily for 120.
EURUSD – We were looking to buy off bottom of channel. Price rallied hard on the four hour chart, gave us a lazy pullback for an entry into the higher time frame via a trend line break for 88 pips.
GBPUSD – Price did reject and our entry was the red line on the setup chart for 82 pips to highs.
NZDUSD – We were looking upside and did get another candle into support. Entry was 7180 to position before the break of resistance. 58 pips to highs before pullback.
940 pip week with Crypto also giving up some profits.
After the moves last week in FX, we have too many pair trading inside month and week. That condition can be very choppy so this weeks picks are the best of the best. Even Bitcoin traders should watch the inside previous weeks price action. Until those break out, make sure you exit at the first sign of trouble.
The pairs this week are in zones of opportunity. The previous price action is hinting at an opportunity but ensure you have a trigger when you enter the trades.