Hi Traders! Here is the weekly trades summary June 8th 2018. First 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.
EURJPY – Aggressive approach failed, conservative not triggered
EURCAD – Setup invalidated.
NZDCHF – Price moved exactly as per our plan, once the price reached the top of the range we got bearish evidences in the form of bearish divergence and false break which opened the door for the bears. We are after sells now, Until the price is below the bottom of the range, we may look for sells.
AUDJPY – Price moved exactly as per our plan. It reached the critical zone, once bearish divergence completed itself with false break, it opened the door for the bears. We are after sells now.
AUDUSD – Price moved exactly as per our plan and our sell entry triggered with the breakout of the triangle pattern. We are after sells now.
GBPJPY – Aggressive approach worked and provided the move, conservative approach was not triggered
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Have a nice weekend!
Yours to your success,