The risk off sentiment received a breather as China and US set to resume trade talks. We saw the USD losing strength as traders move away from the safe heaven currencies. USD weakness also partially caused by the NFP data coming in weaker than expected.
AUDUSD was in a consolidation mode for weeks and the Harmonic Pattern captured an simple +62pips last week. This coming week is filled with lots of Economic Data, expecting a break out of this consolidation
Questions I always encounter from the people I meet. How often do you monitor your trades? Do I have to constantly stare at the charts when trading?
CADCHF recent trades have been the perfect way to represent “Turning Patterns into Profits”. Identifying the patterns and trading them accordingly. See the trade reviews.
The EURGBP hits a 3-year resistance with a rising wedge formation, coupled by the multiple bearish divergence on the indicator. Shorted as the price made a lower high al the way down to the first support level. Closed with a +169pip profits.