Hi Traders! Weekly Trades Summary October 5th 2018 is here. First trading week of October is over. It is now time to recap and summarize the trade setups that we had during this week. Below you will find the short explanation of all setups we had in this week.
NZDCHF – Price moved exactly according to our plan in the bearish scenario. We have collected good profits so far.
AUDJPY – Price broke below the two critical zones without any bullish triggers for entry and moved lower, invalidating this buy idea.
USDJPY – The move up happened faster, without the deeper pullbacks I was looking for. If you manage to catch it well done.
GBPUSD – Price is following our plan exactly as we wanted. Note that there is potential bearish divergence on the H1 chart forming at the moment.
USDCAD – Price moved higher and we got false breaks of the critical zone. Currently the price is inside this critical zone, until this zone holds we may look for evidences of bearish pressure and start looking for sells.
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Have a nice weekend!
Yours to your success,