{"id":218079,"date":"2022-06-10T09:29:32","date_gmt":"2022-06-10T08:29:32","guid":{"rendered":"https:\/\/www.forexmentorpro.com\/blog\/?p=218079"},"modified":"2024-05-24T15:21:14","modified_gmt":"2024-05-24T14:21:14","slug":"80-pips-while-on-holiday","status":"publish","type":"post","link":"https:\/\/www.forexmentorpro.com\/blog\/80-pips-while-on-holiday\/","title":{"rendered":"80 pips while on holiday"},"content":{"rendered":"<p>Hi Everyone,<\/p>\n<p>Im currently on my holiday in the UK, I had a bit of time so made a short video. NZDCHF has done it again.<\/p>\n<p>At the time of making the video, it was only 32 pips but I managed to close it 80 pips in profit later.<\/p>\n<h2>USD Strength<\/h2>\n<p>As I mentioned several times and even the start of the year, the dollar index broke a major level.<br \/>\nSince then I said I am bullish on the dollar and will look to short the majors.<br \/>\nThat was spookily accurate and we are still seeing Dollar strength so my Bias remains the same.<\/p>\n<h3>MAJORS<\/h3>\n<p>Remember I am looking for &#8220;A&#8221; grade trades from daily charts that I can place and then just walk away. We have been waiting weeks for a setup, they might arrive this week.<\/p>\n<p>EUR\/USD: Bias is only to short,&#8221; I was hoping for a pullback to 1.1000 which has not materialised thus far, but if is more possible now. Other area to watch intraday (see the video) 1.0830<\/p>\n<p>The only way I would trade this if it doesn&#8217;t do the big pullback would be to go down to 4 hour or even 1 hour charts. You can also see that it is in a range at the moment.<\/p>\n<p>USD\/CHF: I said a couple of weeks ago as it hit parity that under no circumstances would I long it and it was probably, at the very least, pullback. It has pulled back now as I expected. I only want to long it. However, it is a pair to watch. The levels I will watch on 4 hour charts are 0.9500 and 0.9440.<\/p>\n<p>GBP\/USD: I only want to short. The &#8220;A&#8221; grade short will still be 1.3070 which seems unlikely now. This is a &#8220;B&#8221; grade for me for now. 1.2930 to 1.3000 will be my first area to watch.<\/p>\n<p>AUD\/USD: Only looking to short at the moment and 0.7270 is the sweet spot. Intraday 0.7160 is worth watching too.<\/p>\n<p>NZD\/USD: Brokedown. The &#8220;A&#8221; grade is back up at 0.6750 to 0.6790. I will split the order in half there.<\/p>\n<p>USD\/CAD: I would be interested in a short at 1.26730 at the break of the trendline. Watch the video.<\/p>\n<h3>CROSSES<\/h3>\n<p>NZD\/CHF: worked well a number of times in recent weeks. I will watch the same area, 0.6300 to 0.6320 to short it. I said this almost 2 weeks ago and it has done it this week again. It missed my second entry but caught the first one to the pip! I would have missed it if it was any further up. Currently 75 pips in profit.<\/p>\n<p>EUR\/GBP:\u00a0 It is too messy now. Wait to see what happens after the Euro news but will probably trade it next week.<\/p>\n<p>Aud\/NZD: Looks like a better option BUT it overreacts to news so be careful. 1.0820 is the area to watch for a long OR if it breaks and closes below 1.0780 on a daily then I will consider a short.<\/p>\n<p>YENS: Still too far away from anything in order to trade with the trend. However, I showed last time how you could go to 4 hour charts and quite a few worked. Not for me but see the video for my thinking.<\/p>\n<p><a href=\"https:\/\/www.forexmentorpro.com\/blog\/mw-post\" target=\"_blank\" rel=\"noreferrer noopener\"><img decoding=\"async\" src=\"https:\/\/www.forexmentorpro.com\/blog\/wp-content\/uploads\/2017\/01\/728x90-.jpg \" alt=\"\" title=\"\"><\/a><\/p>\n<p>You can watch the full video below:<\/p>\n<p><iframe src=\"https:\/\/player.vimeo.com\/video\/718699588?h=6647a09a93\" width=\"640\" height=\"350\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p>Kind regards,<\/p>\n<p>Marc<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Hi Everyone, Im currently on my holiday in the UK, I had a bit of time so made a short video. NZDCHF has done it again. At the time of making the video, it was only 32 pips but I managed to close it 80 pips in profit later. USD Strength As I mentioned several [&hellip;]<\/p>\n","protected":false},"author":35,"featured_media":218080,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","rank_math_lock_modified_date":false,"footnotes":""},"categories":[4],"tags":[],"class_list":["post-218079","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-forex-education"],"_links":{"self":[{"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/posts\/218079"}],"collection":[{"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/users\/35"}],"replies":[{"embeddable":true,"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/comments?post=218079"}],"version-history":[{"count":3,"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/posts\/218079\/revisions"}],"predecessor-version":[{"id":218095,"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/posts\/218079\/revisions\/218095"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/media\/218080"}],"wp:attachment":[{"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/media?parent=218079"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/categories?post=218079"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/tags?post=218079"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}