Weekly Analysis Feb (1-6)

Weekly Analysis Feb (1-6)

AUDJPY Sold 92.00 Bought 90.00 | Sold 92.07 Bought 91.07

EURUSD Sold 1.1433 Bought 1.1483



AUDJPY

The Aussie started the trading week bullish around 92.00 Resistance just before the RBA interest rate statement. We shorted the Aussie around this resistance area anticipating a rate cut from the RBA. These two trades lead to over +300 plus pips of profit. Even though our daily trades are aimed to stay away from major economic decision, we’ll take profit how it comes any day.

Further Expectations

We expect further bearish movement near 90.50 Support for the week.

EURUSD

Our EURUSD daily trade was triggered around 1.1430 Resistance as the EURO continued to consolidate between 1.1450 and 1.1330 Levels for the week. Knowing this, why would we enter the trade around 1.1430 Resistance is the question, mistake, and answer we have to uphold to. The EURO continued bullish until 1.1500 Resistance before taking another dive south leaving us with a loss from our “uncompromising” stop loss rule.

Further Expectation

We expect further consolidation between 1.1500 and 1.1280 Levels for the week.