Hello Traders, I hope you caught the trades I shared, GbpUsd, CadJpy, and EurUsd. If you missed out, you should follow me on trading view click here
Let’s take a quick look on what I have for you this week. I hope this helps…Enjoy!!
It’s obvious that price is at resistance. Looking closely, I noticed a Inside bar reversal candlestick at my selling zone. Let’s look at the lower timeframe below.
I took a short trade after price movements to the downside. Before the market’s closed on Friday, I noticed price retracements. I place my stops on the previous high. I don’t expect the markets to trade at the level. The markets have the final say and I’m a speculator.
Last week, I shared why I wanted to buy this pair…during trading activity this week, I noticed the price was consolidating and exited all positions I was holding. On Friday, I noticed sellers pushed the markets down, then entered using the breakout strategy. Click here to learn more about break out trading strategy. Let’s have a look at the lower timeframe.
On the 4hr time frame, price is forming new lows but will the high be invalidated? No one knows. I sold a the break out and my stops are at the highs. Let’s see what happens this week.
I hope this blog helps and makes you see how professional trading is done. If you want to join my online trading floor, contact me
Till next week, see you guys later.