Hi Traders! Here is the weekly trades summary May 11th 2018. Second trading week of May is over. It is now time to recap and summarize the trade setups that we had. Below you will find the short explanation of all setups we had this week.
Dow Jones – Setup failed.
CADCHF – No trigger as we didn’t get a valid correction in the form of double wave up or in a range after bearish convergence.
Oil – Price moved exactly as per our plan and it reached the critical zone. We also have bearish divergence but after the recent news, oil might be set for new highs. Even If there are corrections provided from this level they might be limited.
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Have a nice weekend!
Yours to your success