πŸ‘‰Your 9 Brand New Forex & 1 CryptoTrades (+354 Pips Last Week)

Hi Forex Swing Trader, 
Every trade last week had some positive movement. +354 pips but important lessons.

A tight stop on the EURUSD would have taken you out. Many traders use a tight stop so they can have a higher position size. Think risk first before profits.

Using a lower time frame for entries into higher time frame setups is a higher level trading technique. It will however reward you with the ability to manage your trade as the daily setup plays out.


Recap from last week...

CADJPY – Looking at a pullback and using the four hour chart for entries gave us 80 pips. We had a pop to resistance and then basing. Position in the base as an entry prior to the break.

EURUSD – Trend line break on the four hour chart leads to a 94 pip move. Great example of how a tight stop would have taken you out. Consider ATR type of stops.

NZDUSD – 180 pips to the upside. Four hour chart entry as price puts in a higher low. Placing a buy stop over the high that if broken confirms the higher low is the entry.

 



What's in store for this week?
 
We have trade set-ups on 9 different Forex Charts & 1 Crypto:
 
CHFJPY (looking for a way to get long), EURAUD (short if you get the pullback), EURJPY (taking a shot at the buy), GBPAUD (further breakdown will short it), GBPNZD (looking to buy the pullback here), Bitcoin/BTCUSD is a buy per the chart...plus 4 more....
 
Be sure to go to the links above/below for all the analysis and full chart screenshots. Also, as a reminder these always come out Sunday evening so even if we don't get this email out right away, you always know your updates are ready for you to start the week.  No need to wait for this update email.
 
 
Remember, we want the market to move in our projected direction and give us price action confirmation first before entering.  Never enter a trade blindly.  
 
Ready to see what we're projecting for the week ahead?  As one trader put it "You gave me areas to watch which is so valuable. I take your best guess and then as you say I look for the failure as well".  Check it out here:
 
 
 
Check out the trades and great success!
 
Regards
 
Shane 
ForexTradingStrategies4u.com
 
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