Weekly Thread: Oct. 12 - 17

Possible h&s to be formed on daily charts of EURCHF. worth keeping in mind...

 

sold both:
usdjpy @109.92
gbpusd 1.6657

 

Cable:

stop@1.6730 (73pips)

tp@1.6495 (162pips)

UsdJpy:

stop@109.73 (81 pips)

tp @106.50 (242 pips)

 

moved stop on USDCAD tpo 1.3270 (neat last day highs) to lock 70 pips of profit. If it gets hit, I will consider reentering depending on situation.

 

cable@1.6625, stop moved to entry level for breakeven

 

Morning all!

USDCAD closed at 1.3270, booking 70 pips of profit. Will look to resell this pair later today. Still looks bearish enough.

Oct MTD: +2.11%

 

USDJPY short stopped at 109.73, loss of 81 pips / -2.95 %

MTD: - 0.84%

 

Cable trade stopped at entry level, no open position remaining at the moment.

MTD: - 0.84%

 

Sold EURUSD @1.1717

The price came back to the channel it broke - classical model of coming back to broken level. the bounce back from that level may signal the possible continuation of the downside move. The upside move seems to be way overdone.

Target is 1.1520 (197pips),
stop @1.1800(87 pips).

 

Stop will be moved to breakeven very fast here because market may resume the agressive buying of the euro.