We noticed comparatively one-directional strikes from EUR/USD and GBP/USD final week.
Sadly, the HLHB was on the flawed facet of the developments this time round. What’s up with that?!
Earlier than I present you final week’s numbers, be sure to learn all about my HLHB Trend Catcher System if that is your first time listening to about it!
Mainly, I’m catching developments at any time when the 5 EMA crosses above or under the 10 EMA.
As for stops, I’ll proceed to make use of a 150-pip trailing stop and a revenue goal of 400 pips. This may change sooner or later, however I’ll follow this one for now.
Oh, and as talked about earlier than, I’m switching again to applying the HLHB system to the 1-hour time frame. Utilizing 4-hour in Q1 2017 and Q2 2017 wasn’t unhealthy, however I feel utilizing this trend-catcher on the 1-hour may yield higher outcomes.
EUR/USD traded in a 50-ish pip vary or so on Monday and Tuesday earlier than the bulls determined to hate on the greenback and push EUR/USD firmly above 1.1800.
Sadly for the HLHB, it was nursing a brief place from the earlier week. Not solely that, but it surely additionally validated a brief sign proper earlier than the euro jumped to its intraweek highs.
For now, the HLHB’s promoting bias stays alive and might solely lose a max of 139 pips. I suppose that’s one thing?
Very like EUR/USD, Cable additionally traded in a variety earlier than popping up and ending the week larger close to its intraweek highs.
The HLHB did not have an present brief commerce on the pound but it surely did validate TWO brief indicators all through the week. Let’s see if the open place will result in earnings within the subsequent few days!
USD/JPY was completely satisfied to take care of its tight ranges for a lot of the week. However that didn’t cease the HLHB from validating a sign!
The lengthy commerce confirmed up close to the top of the week so it’s nonetheless too early to inform if the sign popped up on the proper time. I suppose we’ll know once we see how the greenback trades within the week forward, huh?
Right here’s a abstract of the open and closed trades from the final couple of days’ value of buying and selling: