Week of: 05/16/22 – 05/20/22
The selling in the market continues and the World Wealth Gauge is rightly showing us bearish outlook this week as well.
And as a trader, this is the time we have to be confident with our strategies and have the tenacity to move forward to cash in the potential profits.
Well, we’ve been doing so and our recent trades are now starting to pay dividends.
One of the trades I’ve been talking about is the AUDJPY pair. We’ve been selling it and it is finally coming further down from its all-time highs.
Here’s how my two trade setups on this pair are performing:
My original trade set up on AUDJPY, where I SELL at an average price of around 95.45, is up about +450 PIPS!
And my other conservative setup, where I sell on a break below 93.05, is up about 300 PIPS!
That’s what patience and following a proven strategy can do for your investment portfolio.
I still love my trades on the AUDJPY pair and will continue to monitor it in the coming weeks.
My other favorite trade which is paying us dividends is the NZDCAD pair which we saw last week.
My game plan here was to buy on a daily close above 0.8243 or buy it at 0.8100 levels.
Well, the pair never closed on a daily close above 0.8243 but it did fall down to 0.8100 level. That’s where we started buying it and our trade is currently up about 37 PIPS!
Check out this week’s video as I review these trades and show you how I’m looking to manage them ahead.
And for more tips and picks, you can join me in my Money Flow Trading Room. It’s where I talk about market and trade strategies every week.