A relatively successful week in fx markets for me. We started on the back foot taking a few losses, but more than made up for it on Thursday and Friday. +3.72R for the week. Let me know in the comments if you enjoy these Outlooks and Roundups and I’ll try to keep doing them!
GBPCAD D1 Short -0.58R
This trade was spoken about in this article, I was looking for a large move to take the other side of the weekly range. In hindsight I think my target may have been too aggressive, as we had a large daily and possibly weekly level at 1.6554 which we bounced off of perfectly.
CADCHF H4 Long -0.81R
This trade was an aggressive entry at half risk into a weekly bias I had/have. I exited near the low when my entry level flipped and became resistance, then we closed at a new low. We haven’t really gone anywhere from my original entry level. I’m still looking for longs if we get a break and retest of the blue area.
Gold H1 Short +0.57R
This trade was a beauty. Lovely level past ATR on the day. Not much more to be said.
AUDUSD H1 Short -1R
Very annoying trade. I was initially looking to get long, however, my entry missed by a pip and we bounced, but we bounced into a little level just above my entry. If we’re bouncing long from a level that big and can’t lift off past that little level above, I don’t want it when it comes back.
The day then closed as a shooting star false break through the level and off the red weekly low. I got short off the blue zone and stopped for -1R not too long after.
USDCAD H1 Short +2.64R
Short from the red arrow. Played it down to the white dotted level which was just past ATR.
USDCAD H1 Long +1.28R
As I got out of my short trade above I cut/reversed long into this level past ATR. My target was the little level above just above, which was filled on the next candle. Lovely trade.
NZDUSD H1 Long +1.62R
A nice finisher for the week on Friday. Big blue zone and acceptance above. I exited this trade at the upper white line due to it being 4pm on a Friday, no way am I holding over the weekend during these market conditions.