Fresh Week

The dollar trade stopped out on Friday as well.

Oh well.

Attempting a 4H trendline break strategy this week. Watching USDJPY, GBPUSD, GBPJPY, EURUSD, AUDUSD, & AUDJPY

AUDUSD broke the TL upward near close on friday. It's retraced a good amount since, but had we entered on the open of the current candle per the method's rules the trade would still be live. Since there's an opportunity to get in at a better price, we opened a trade @ market .8667 with a target of 130 pips. Stop loss is set just below most recent swing low. If that's breached I'll reverse to short.

EURUSD is the only other pair which is close to an entry. If it breaks the downward TL @ 1.4720 and can close above it by 8pm tonight we'll take a long entry on this pair.

Key levels to watch for the other pairs:

USDJPY 91.00

GBPUSD 1.6350

GBPJPY 149-150

AUDJPY - needs to form a new swing low to confirm a downtrend.

Happy Trading!