Hey Everyone
Last week I took two trades, one on AUD/JPY in which I banked +4.65% and a trade on GBP/CAD in which I took a -1% loss netting +3.65% for the week. Price had pushed to the downside impulsively and has made an expanding pattern to continue to the downside. We got an ending structure in the form of an ascending channel. Applying the 80/20 rule, 80% of the move to the third touch was corrective besides the one candle. After the 15m rejection I placed my risk entry just below.
Below I have attached my ASR for the trades that I took.
Notion: same-koi-396.notion....477d91e49acdc801b7e9
Last week I took two trades, one on AUD/JPY in which I banked +4.65% and a trade on GBP/CAD in which I took a -1% loss netting +3.65% for the week. Price had pushed to the downside impulsively and has made an expanding pattern to continue to the downside. We got an ending structure in the form of an ascending channel. Applying the 80/20 rule, 80% of the move to the third touch was corrective besides the one candle. After the 15m rejection I placed my risk entry just below.
Below I have attached my ASR for the trades that I took.
Notion: same-koi-396.notion....477d91e49acdc801b7e9