Hi Forex Swing Trader,
This was a successful week for all but one pair. Again, the entries and explanations are nothing new for long time readers of the blog. 640 pips potential and the GBPJPY was a great example of how price structure and reaction to the structure can switch your bias to one direction.
Reading momentum in the market by the candles themselves can tell you a lot about the market you are trading.
The charts I went over this week do not have too much interesting going on that is worth trading. Ranges and the breakouts that follow are weak. Some extended markets that have travelled too far too fast. The ones below are the best of the worst.
Here's our latest setups for this week:
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