Note: all trade details are at the end of the page, need to scroll down a bit to view them. Thanks!
Update 1: Looks like the opening of the week looks good so far, the GBP/CHF trade had moved to +50 pips, SL moved to book +20 pips. Lets see where this one heads to. Might close if it looks like it will cause a gap between friday's close and monday's open candle (currently it is running on sunday open candle). Will be trailing the trade's SL now.
Update 2: Trade closed at +30 pips. Wont be posting any candlesticks for this now as I am ignoring sunday candles.
2 comments:
gbpchf weekly shows pennant consolidation around support @ 2.0563. daily shows rejection of upward attempt. which way? I favor upward push. eurjpy Daily forming tweezers not wanting to push thru upper trend line, small wedge, below central pivot of 168.70, 4 hr chart has twin candles(tweezers)
Darrell ;=]
Hi Darrell,
Well the candlestick formation for GBP/CHF (engulfing) as was posted earlier did indeed work out quite well. As for my point of view, I believe the downtrend is still intact.
EUR/JPY would be my next trade as on Oanda's daily chart it is showing a confirmation on the pinbar. Same confirmation is also received in USD/JPY. Hold on for my post on those trades as the candle closes.
Cheers!
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