We had a little bit of a tuff week that tested the patience but never
the less, we made some pips. I am done for the week, my Aussie/Dollar
trade is still open and locked in at just under break even, so hopefully
with some news coming out today – it can bring me more pips…….however
if it jumps back up, I can’t lose and that is a nice place to be in a
trade.Trade of the week for me once again was the GBP/Dollar. This pair had a big drop over the past weeks with a strong bearish trend in place. It gave us a stunning entry in the trading zone and I think we bagged 180 pips. Little bit concerned now with this pair as we can’t manage to break last week’s low at 1.4998.
I manage to take a sneaky short on the Euro/Gbp yesterday and made some pips. AB have asked me to show him why I took this trade……This was more a case of timing. I walked in to my office, noticed where price was at and all the multiple reason (look at all the 4 hour chart) ……dropped to the one hour, noticed the engulfing candle and took the trade.
The JPY pairs had its one mind this week giving us on some pairs a M2 trade and on others a spectacular M1 trade making well over 200 pips (You needed to see it all happening on the 4 hour chart first for confirmation as explained in the video)
So all and all a good week here at Forex Mentor Pro.
Have a super cool weekend