Quoting the comments from the preview of last sunday:
- AUDJPY might continue its uptrend or make a correction since its already in a decision point area Yes indeed the uptrend continued.
- GBPUSD short is also very interessting because of lots of short covering will happen once we break below Fridays low. Well the key thing on my new trading method is that breaking below a low is bullish :-), so long only on the pound would have been a good choice.
- USDCAD, EURCAD long also seams logical because we broke on the daily chart in decision point areas, so also looking for countertrend long signals there. EURCAD worked out well, but since it was a countertrend trade you had to first wait for the double bottom till the CAD really lost ground against other currencies.
- USDJPY long already started an upmove so pullbacks to decision point areas will give good long entry opportunities. I learned that YEN weakness can be best played with a well trending currency like the aussie dollar or with a breakout situation that we had this week with the pound, so GBYJPY obviously gained the most on thursday.
No comments:
Post a Comment