Weekly Trades Summary September 11th 2020

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Weekly Trades Summary September 11th 2020

Hi Traders! Weekly Trades Summary September 11th 2020 is here. 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 the trade setups we had in this week and how it has currently developed now.

First, we will see the trade ideas that I shared in my blog:

Blog Ideas

CHFJPY – My idea here was “On the H4 chart, the price which is moving lower has created a bearish trend pattern in the form of three lower highs, lower lows which we may consider as evidence of bearish pressure. Also based on the Parabolic Sar the dots are above the price here as well which we may consider as another evidence of bearish pressure. In addition to this, the ADX indicator gave a bearish signal at the cross of -DI (red line) versus +DI (green line), and the main signal line (silver line) reads value over 25, we may consider this as yet another evidence of bearish pressure. So based on all this, my view here is bearish and I expect the price to continue lower further”.

Weekly Trades Summary September 11th 2020Current Scenario – The price action followed my analysis and moved lower as I expected it to and delivered a short moved to the downside (around 70 pips move) before it was blocked by a bullish divergence and moved higher.

Weekly Trades Summary September 11th 2020

 

 

NZDJPY – My idea here was “Looking at the H4 chart for evidences supporting the bearish view. The first thing we can see here is the Parabolic Sar in which the dots are above the price which we may consider as  evidence of bearish pressure. In addition to this, the ADX indicator gave a bearish signal here as well at the cross of -DI (red line) versus +DI (green line), and the main signal line (silver line) reads value over 25, we may consider this as yet another evidence of bearish pressure. Also based on the Heikin Ashi candles we can see that currently, we have strong bearish bodies in downward moving market conditions so it basically reflects a bearish environment. Currently, it looks like a pullback is happening, once this pullback completes itself we may then expect the price to continue lower further.

Weekly Trades Summary September 11th 2020Current Scenario – On the H4 chart currently it looks like a pullback is happening. Until the top of this range holds my view remains bearish here.

Weekly Trades Summary September 11th 2020

 

 

EURGBP – My idea here was “On the H4 chart, the price which is moving higher has created a bullish trend pattern, which we may consider as evidence of bullish pressure. Also, the ADX indicator gave a bullish signal here as well at the cross of +DI (green line) versus -DI (red line) and the main signal line (silver line) reads value over 25, we may consider this as yet another evidence of bullish pressure. Generally, after a bullish trend pattern, we may expect corrections and then potential continuation higher. We also had a strong resistance zone that had formed which the price has broken above and currently, this strong resistance zone is acting as a strong support zone for us. So based on all this, my view is bullish here and I expect retraces to happen now towards this strong support zone and then the price to continue higher further”.

Weekly Trades Summary September 11th 2020Current Scenario – The price retraced once to test the supportive area, and since then the momentum is seriously bullish. I expect that momentum to stay, and the price to continue higher after new pullbacks.

Weekly Trades Summary September 11th 2020

 

 

Trading View

AUDJPY – My idea here was as follows:

Weekly Trades Summary September 11th 2020Current Scenario – Based on the above-mentioned analysis my short term view was bearish here. The price moved lower exactly as I expected it to and delivered around 90 pips move before it was blocked by bullish divergence and retraced.

Weekly Trades Summary September 11th 2020

 

GBPJPY – My idea here was as follows:

Weekly Trades Summary September 11th 2020Current Scenario – Based on the above-mentioned analysis my plan here is to expect the price to continue lower further after pullbacks. The pullback that I was looking for happened and the price is moving lower, delivering 280+ pips move so far.

Weekly Trades Summary September 11th 2020

 

 

Gold – My idea here was as follows:

Weekly Trades Summary September 11th 2020Current Scenario – In Gold the validation for the bearish view which is the breakout of the most recent uptrend line happened. My bearish view still remains the same here.

(Note: You can follow me here on Trading View and also on my blog to get similar ideas on daily basis)

For similar trade ideas and much more join the Traders Academy Club and get access to our complete watch list and trade report. 

This is how the report looks like. A table with the hottest market opportunities, screenshot behind every pair and time frame (anything that is in blue inside the table is clickable and leads to a screenshot) + a summary in text format, kind of highlights. And of course Live Market Analysis every single day.

Weekly Trades Summary September 11th 2020

 

If you have any further questions, don’t hesitate to drop a comment below!

 

To your success,

Vladimir Ribakov
Certified Financial Technician

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