Over the past weeks, I've been talking about USDCHF and how I'm looking for potential shorts since price was at supply. At the same time I've been looking for longs elsewhere. We saw big moves last week and we were able to get in on them as they were pre planned. Here's an example of how some of them worked out.
USDCHF - Short
In last week's post I mentioned that a short was likely to be in play since the demand level standing in front of the daily supply had been engulfed and the path below it was clear. You can find the post and the video explaining that here.
We had a H1 QM setup and quality supply within and when price came back to that supply, there was a 15m engulf. This was the signal to enter so we did. Shortly after entry price dropped like a stone as below:
Elsewhere there were other short term trade setups.
EURCAD - Short
Here's the supply level identified before:
And here it is after:
I hope you found this useful.
These are just a couple of sample pre planned trades we looked at in the members area. If you would like to receive trade updates and have access to the detailed analysis then you can register for more details on that below.