It’s been a good week so far. I haven’t really felt like it’s been summer markets as M2 and Earth and sky have been providing us some very lovely setups in August.
It’s now September, we do expect the volume to increase as the BIG traders are most likely to be back from their summer vacations.
I shared with you Monday a EURNZD short which worked perfectly as an intra-day trade. I managed to make 100 pips within Monday itself. I shared this in the forum.
Then Moving on I also entered two positions on the AUDCHF, which we have been waiting for months to enter the setup.
I added a forward order at 0.67100. Price still began to head higher near the EMAs so I took this opportunity and added another position. You have to learn to scale into a trade. Be fearless!
I closed the second position on Tuesday itself at 65 pips. I then waited for my initial entry as it had not done at least 50 pips so left that to run. I closed it this morning at around 55 pips. In total that’s just over 100 pips on the AUDCHF.
I also showed at the end I entered a small position on EURNZD. I do see MACD divergence on NZDUSD on the weekly and it’s approaching a double bottom. So a good chance that this could reverse? a good confluence to add that EURNZD could also reverse soon….
Hopefully, you managed to catch some of the trades we took.
If you are still struggling with your trading journey or you think you need some guidance Marc, myself, and Thinus are available to provide you with private coaching. Just message us and we will be in touch.
We are NOT a “tipping service” our aim is to teach you how to trade for yourself.
you can watch my analysis in the video below, click the square button for full screen: