Weclome to another one of my weekly reviews. This one was a busy week for me being involved in 6 trades but thankfully I still came up on top for the week. Lets not waste time and get straight into what happened this week.
This week I took 2 trades on GbpAud trend continuation which were part of the same setup. As you see one lost and the other one won with more than double the pips. However as I take a percentage based approach it is the difference in risk:reward that I end up making and in this case overall I came for break even. Pros and cons to everything right. I then had 2 patterns on the EurUsd which again 1 winner and 1 loser. Only taking 1 target on each due to my changes in april and coincidentally it hits target 2 but it doesnt matter becasue I’m happy with a full winner and can’t all be perfect. Moving on to the FTBs, they ended up doing alright and putting me up for the week. It is always a bit frustrating when you get stopped by a few minimum pips and it carries back down but rather than getting frustrated you take notice of it and see if you could do something about it in the future. So there is my week done, quite happy with the outcome and hoping for more of them to come consistently.
On Monday we made 2 main predictions on AudJpy and EurJpy which you can check out right here. So how did these play out?
So what happened on the AudJpy. I predicted a move back into our killzone and a retest and potential break further up to reach a higher level. Instead we had our higher close and retest with a much shallower pullback. We had a nice candlestick formation there with 3 rejections of the same level and a move higher followed up. Our break isn’t something I would consider a clean break to look higher so for now I’d just wait to see what happens before looking for any opportunities.
EurJpy makes me really happy to how it played out. Played out pretty much perfectly according to my predictions and zone I expected some buying pressure at. As you see we double topped which could have beenyour first chance at an entry and then had a 2618 type setup without a clean break however which was an issue for me. We then pulled back retested and broke straight to the next level which now we are seeing a small relief possibly. With this prediction in mind you could have gone down to the day trading time frames and tried to ride this move down.
So this is it for this weeks review. Good resutls and nice analysis playing out. I will be launching a Youtube channel this week in which you can see more in depth analysis on more pairs and different time frames rather than just the larger ones. Hope you found some value and enjoyed this post. Thank you