Results 01.02.
USD/CHF
Signal: This pair is still on downtrend but trying today to change this view, squeezed bt. resistance & support, above 0.9230/40 to change the view as buy order targetting Tp1 0.9260/65 Tp2 0.9285/90 Tp3 0.9345/50, while below 0.9190/95 to keep downtrend as sell order targetting Tp1 0.9115/20 Tp2 low at 0.9070/80 Tp3 0.9030/35
Trade: Two trades
- Long with breaking the upper retracement level, but only moving 10 pips befor going down. So this is rather a loss of –10 pips.
- Short with breaking the retracement level downwards and following the main trend. TP1 hit @ 0.9120 for a profit of +110 pips.
Overall: +100 pips.
USD/JPY
Signal: This pair is still on downtrend, retracement at 76.45/50, as breakout buy at 76.45/50 with Tp1 76.65/70 Tp2 76.95/00 Tp3 77.10/15, while as swing sell at 76.45/50 with Tp1 low at 76.05/10 Tp2 76.00/05 Tp3 75.85/90
Trade: No trade
EUR/USD
Signal: This pair is still on uptrend but looking to change this view today by being squeezed bt. resistance & support, below 1.3065/70 as sell order to target Tp1 1.2985/90 Tp2 1.2940/45 Tp3 1.2840/45, while above 1.3100/05 to keep uptrend as buy order toward Tp1 1.3220/25 Tp2 1.3285/90 Tp3 1.3355/60
Trade: Two trades
- Short with breaking the lower retracement line for a 40 pip move, then going up again. So I count a profit of +20 pips here.
- Long with breaking the upper retracement line and almost hitting TP1. I think a reasonable exit was @ 1.3200, so here I count a profit of +100 pips.
Overall: +120 pips
GBP/USD
Signal: This pair is still on uptrend, retracement at 1.5720/30, as breakout sell at 1.5720/30 with Tp1 1.5685/90 Tp2 1.5650/55 Tp3 1.5605/10, while as swing buy at 1.5720/30 with Tp1 at high 1.5820/25 Tp2 1.5845/50 Tp3 1.5900/05
Trade: Two trades
- Short with breaking the retracement level downwards, but only for a move of 15 pips, so I rather count this one as a break even trade.
- Long with breaking the upper retracement level and following the main trend. TP2 @ 1.5850 hit for a profit of +120 pips.
USD/CAD
Signal: This pair is still on downtrend, retracement at 1.0030/40, as swing sell at 1.0030/40 with Tp1 at low 0.9955/60 Tp2 0.9925/30 Tp3 0.9885/90, while as breakout buy at 1.0030/40 with Tp1 1.0075/80 Tp2 1.0100/05 Tp3 1.0150/55 Tp4 1.0190/95.
Trade: Two trades
- Long with breaking the upper retracement line, but only for a move of around 10 pips. Then the direction turned and followed the main trend, so I count a loss of –10 pips for this trade.
- Short with breaking the retracement downwards and almost hitting TP1. Only a couple of pips shy, I count here a profit of +60 pips.
Overall: +50 pips.
NZD/USD
Signal: This pair is still on uptrend, retracement at 0.8220/30. As swing buy at 0.8220/30 with Tp1 at high 0.8135/40 Tp2 0.8365/70 Tp3 0.8435/40, while as breakout sell at 0.8220/30 with Tp1 0.8170/75 Tp2 0.8125/30 Tp3 0.8075/80
Trade: Two trades
- Short with breaking the retracement level, but only for a move of around 10 pips. Then the direction changed, so I rather count a loss of –10 pips.
- Long with crossing the upper retracement line and hitting TP1 for a profit of +110 pips.
Overall: +100 pips.