As mentioned to weekly trade text, ranges this week expanded and the inflated ranges added to higher than normal pip targets. Currency prices permanently left last weeks instability and allowed targets to achieve its destinations.
Present currency market prices are deviated by 2700 pips yesterday and about 2300 pips today. Expanded ranges and deviations means easily 1000 pip trades remain as markets trade back to normality. But it also means currency prices are actually trading back to normalcy.
Normalcy may take as much as 3 months and this allows for plenty more great trade opportunities and easy trades. After normalcy achieves, expertise is required to hit trade targets.
Fairly normal functioning currency market price ranges and deviations run 300 to 600 pips. This means trade targets at the lower 300 pip point contain trade targets at about 100 to 150 pips per currency pair and per weekly trade.
Certain pairs EURUSD and USD/CAD for example and CAD related pairs usually encompass range trades to meet the normal 100 to 150 pip target. Range trades as demonstrated here many times means multiple trades per currency pair, per weekly trade. The higher end 600 pip range then targets weekly trades at about 150 - 250 pips. Higher end trades means trend straight to target from entry.
As mentioned , trade targets this week were easily achievable as objectives were set at reasonable destinations especially when unknown corona Virus and stimulus risk remains elevated.
Trades and Results
Long 1.0646 and 1.0604 to target 1.0979
Lows 1.0638, Highs 1.0888,
Trade runs +284 Pips
Short 1.8447 and 1.8546 to target 1.7957.
Highs ? 1.8500's, lows 1.7957
Trade Ran + 589 Pips
Short 110.82 and 110.99 to target 108.82
Highs 111.40 ? Lows 109.72
Trade Runs ? +127 Pips
Round 2 shorts from 111.40 to target easily 109.68.
Long 1.1646 and 1.1604 to target 1.2062
Lows 1.1445 Bonus Points Highs 1.1974
Trade Runs from 1.1604 + 370 pips
5 trades, 5 entries and current trades run + 1370 pips.
And as usual year after year, we are correct, no losses, no charts, graphs, stops nor extraneous market details. 18 weekly trades are sent every Saturday. The job of traders is set entries and targets at the Sunday open then walk away and go live life as targets are written in mathematical stone. Come correct for trade assistance.
Trading currencies and other financial instruments carries a degree of loss and possible loss of entire investments. Please managed your own risks, stop loss, and margins requirements.