Hi Traders! Here is the weekly trades summary June 22nd 2018. Third trading week of June is over. It is now time to recap and summarize the trade setups that we had this week. Below you will find the short explanation of all setups we had in this week.
USDJPY – The pullback that we were looking for happened. We are after sells now.
AUDCHF – The breakout that we were looking for happened and the first target was reached, followed by reversal (trade closed in break even after target 1).
USDCAD – Setup invalidated.
GBPAUD – Price is moving exactly as per our plan in scenario 2, it created a new high and is moving lower. Once the price breaks below the uptrend line, we may then start looking for sells.
GBPJPY – Price broke below at the bottom of the H1 bullish channel, thus triggering our sell entry. You should have got more than 1:1 risk reward ratio or at least break even.
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Have a nice weekend!
Yours to your success,