Posted by: joetradingplace | May 22, 2015

eurusd, eurjpy and usdcad significant zones

Lets review the zones we were looking at in the beginning of the week, did they play out the way we expected, how did we react when price reached the levels? All the three charts we looked at moves back to the level as we expected, but on eurusd and eurjpy i didn’t take the trades because i didn’t like the way price moved back to the level. The sideways momentum back to a level is a price action that don’t interest me in taking a breakout pullback trade. But as for the usdcad, she moved back to the level well and i took the long trade. Charts of before and after shown below.

Screen Shot 2015-05-19 at 21.32.49

Screen Shot 2015-05-22 at 16.08.40

Screen Shot 2015-05-19 at 21.34.02

Screen Shot 2015-05-22 at 16.09.08

Screen Shot 2015-05-19 at 21.35.24

Screen Shot 2015-05-22 at 16.09.28


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