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Weekly reversals

Ivolux Posted 19 Dec.  in #Trader's blog #Weekly #Gbpaud #Gbpjpy
Its the weekend so it give me opportunity to look on weekly charts and see is there any potential reversal moves coming up on Monday.
GBPJPY and GBPAUD weekly charts looks like a good candidates with both currency pairs dropped more than 350 pips last week.
Trade idea: BUY GBPJPY and GBPAUD @ market on Monday morning (if there is no weekend gap) with 50 pip TP and 100 SL
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Weekly reversals

Ivolux Posted 28 Sep.  in #Trader's blog #Weekly #Euraud #Gbpjpy
New week, new opportunities. As each week, I like to take little reversals against last weeks trends, if the trend has been strong enough. This week I`m looking at EURAUD and GBPJPY. Both have made strong moves last week, so i`m happy to take little reversals against last week moves. Short on EURAUD and LONG on GBPJPY both with 50pip targets from market open.
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1 Comments
zenfire avatar
zenfire 28 Sep.

Thank very much for your answer. Very friendly, it´s helpful. Excuse my bad english!!

I work 1H and 4H charts (price action without indicators).
I know a large weekend gap can destroy 3-4 good trades or all account as we saw in the usd-chf pair.

Maybe close all the positions 1H and 4H is the best, as you say, although sometimes is difficult because at 14-16h London time, after early US data (8-10h NYork time), some friday, there are good opportunities and sometimes to achieve the targets, double the stop in my system, need 2-3 days in these charts 1H or 4H.

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