Weekly Trades Summary May 11th 2018

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Weekly Trades Summary May 11th 2018

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.

Trades Summary:

Dow Jones – Setup failed.

Our Idea:

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Weekly Trades Summary May 11th 2018Current Scenario:

Weekly Trades Summary May 11th 2018

 

 

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.

Our Idea:

Weekly Trades Summary May 11th 2018Current Scenario:

Weekly Trades Summary May 11th 2018

 

 

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.

Our Idea:

Weekly Trades Summary May 11th 2018Current Scenario:

Weekly Trades Summary May 11th 2018

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Have a nice weekend!

 

Yours to your success

Vladimir Ribakov

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