jojofang0901

Weekly Trade Recap: AUDCHF, AUDJPY, SUGAR, BTCUSD Jan 30 2021

OANDA:AUDCHF   Australian Dollar / Swiss Franc
Hello everyone:

Welcome back to another quick weekly trade recap video :)
This week I took 2 additional trades, and closed down 3 positions. Lets take a look

AUDCHF - Closed for 2% profit. Profit broke down from the correction, I first moved the SL to BE then in profit.
As LTF formed that descending channel reversal, I moved my SL to 2:1 profit and eventually tagged me out.

AUDJPY - Closed for 1% profit. Similar approach and management like AUDCHF . Price broke below the correction it created, first moved my SL to BE and then to 1:1 profit.
Eventually prices reverse up after failing to break below the HTF structure.

SUGAR - Closed for 2% profit. My original plan was to hold the trade for longer term, but as price is getting into this deeper correction, I don't tend to want to give back all the profit back to the market.
LTF formed a H and S pattern within the correction, and I moved up my SL to 2:1 profit.
Even though I am tagged out of this position, I still hold a strong bullish bias that price can continue, but did not want to get stuck in the consolidation phase.

BTCUSD - Still holding, currently 4% profit. Price may be completing this HTF continuation flag structure, and we can potentially see more upside.

Any questions, comments or feedback please let me know :)

Enjoy your weekend :)

Jojo
Price action analysis, live market update, Group Q/A, educational videos/lessons.
Telegram: https://t.me/aeristrading
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Comments

Good Job, thank you
+1 Reply
amazing video here
+1 Reply
Great video Bro!
+1 Reply
jojofang0901 ProSignalsFx
Reply
Brother continue to do beautiful work
+1 Reply
jojofang0901 Carolcarr
@Carolcarr, thank you :)
Reply
My goodness, how impressive!
Reply
please keep it up Jojo, inspirational and clear analysis thanks
Reply
jojofang0901 gavinoffer
@gavinoffer, will do my frd :)
Reply
very interesting
Reply
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