Weekly Trading Recap: ADAUSD, USDJPY, BTCUSD February 6th 2021
Hello everyone:
Welcome back to the weekly recap video. This week I entered just 1 trade, and I am still holding BTC. Let's take a look into it.
ADAUSD - Price approached the previous swing highs, and started to form continuation correctional price action.
We then see a strong breakout above the highs, and LTF continuation correction. Set stop entry order for the buy. Currently running about ~1.5:1 profit.
Full analysis/forecast:
USDJPY - Enter once price broke out of the descending channel structure, and there was a LTF continuation correction.
Put in the stop entry order and got tagged in. First TP would be the highs of the descending channel, and second target would be the top of the HTF structure.
Currently running about ~1.5% profit.
Full analysis/forecast:
BTCUSD - Still holding, currently running about 8.5% profit. Price may be completing this HTF continuation flag structure, and we can potentially see more upside.
My management and approach remains the same, still looking at it as an investment trade, and plan to hold for the long term.
Full analysis/forecast:
Any questions, comments or feedback please let me know.
Enjoy your week. :)
Jojo
Welcome back to the weekly recap video. This week I entered just 1 trade, and I am still holding BTC. Let's take a look into it.
ADAUSD - Price approached the previous swing highs, and started to form continuation correctional price action.
We then see a strong breakout above the highs, and LTF continuation correction. Set stop entry order for the buy. Currently running about ~1.5:1 profit.
Full analysis/forecast:
USDJPY - Enter once price broke out of the descending channel structure, and there was a LTF continuation correction.
Put in the stop entry order and got tagged in. First TP would be the highs of the descending channel, and second target would be the top of the HTF structure.
Currently running about ~1.5% profit.
Full analysis/forecast:
BTCUSD - Still holding, currently running about 8.5% profit. Price may be completing this HTF continuation flag structure, and we can potentially see more upside.
My management and approach remains the same, still looking at it as an investment trade, and plan to hold for the long term.
Full analysis/forecast:
Any questions, comments or feedback please let me know.
Enjoy your week. :)
Jojo
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