Trading Weekly Charts

The GBP/CAD I posted Jan 21st could have made about 550 pips 200 down and then 350 up again, see  the chart below, I predicted the whole move.

My method is solid and utterly teachable, see my trading mentorship courses here.

Original weekly chart below suggesting a short trade, profit taking before resuming the long trade.

the daily chart showing predicted trajectory, down to support then up again.

this weeks chart showing targets hit. Down then up.

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Here is an AUD/NZD weekly trade that I took a few days ago, notice it is just a simple reversal trade that I use on every timeframe, fractals mean the setup works no matter what timeframe you are trading on.

the results are below

Here’s an update on the aussy dollar weekly chart I created on the week ending December 19th. I said we would need a weekly close above 0.99535 for us to consider long trades. Well we got the weekly long trigger shown on the weekly chart marked out below.

I have included the weekly chart from the original prediction below

We use the daily chart and wait for the same setup to occur

then we drop to the h4 chart and do the same again, this just ensures you are always trading with the trend on every higher timeframe

Here’s a few more Aussy dollar monthly, weekly and daily charts. I have stuck a few support and resistance levels on, it will be interesting to see how the price reacts and where it will end up, as usual I will be using the lower timeframe charts like H4, H1 and M30 to ride the waves and shorter term trends between those support and resistance levels.

Monthly chart below

monthly chart with trendlines added

weekly charts below

daily chart below

m30 chart below telling me longs should be good if I get a reversal trigger

all went to plan, plan your trades and trade your plan, in this case I traded EU long instead.

I took 5 trades this morning and added 5% to my trading account, m5 price action works in exactly the same way as weekly price action, it’s much faster and more fun if you like to see your profits grow rapidly using compounding.

The hammer after a weekly inside bar that followed the confirmed weekly long reversal still indicates buyers are strong on AU.

I had a weekend off this weekend so the new week has already started.

Dollar is showing distinct strength at the moment, UJ chart below made a weekly confirmed reversal closing above two old weekly res levels. It could easily have dropped down and made a tricky retracement, instead it took off long. I could have entered long using the m15 of h1 HL reversals had I been awake.

There is no need to show the daily chart, the H4 confirmed for long on friday, shown below

h1 chart below

m30 chart below showing a cheeky confirmed short reversal to test our resolve us a little, remember HTF overrules LTFs in this case h4, h1 confd reversals trup m30, m15.

m15 chart below showing long entry

Just a quick reminder of my post from Oct 31st about EJ and AJ weekly and monthly charts. Here

Support held. It hit 115.41 and stopped at 114.01, I wasn’t far off with my analysis was I?

Nothing much to report regarding trading the weekly charts again this week. It is the end of the month so I will spend the weekend working through 20 or so charts to see what useful information I can glean from them.

AJ and EJ both had interesting weekly closes this week, both broke and closed through weekly support, unfortunately they are at support with no clear gap to trade to a sensible level below.

They may just retrace then continue south, they may range, or they may just collapse, all I can do is drop to the lower timeframes and trade the exact same reversal patterns if they occur again.

weekly chart below

AJ weekly chart below

AJ daily chart below

another aj daily view below

AJ h4 chart below, we can use the h4 charts to enter trade setups that occur on the weekly charts

AUD/JPY is still struggling to break out of its range to the upside as predicted by studying the weekly charts. However ther were still a couple of excellent opportunities that we set out a plan for last week

last weeks h1 chart below.

Trades taken based on weekly chart analysis below.

Not much more to report about last weeks AJ weekly chart / trade, there were some useful h4 h1 confirmed reversals to be had.  A long on the 5th from 80.7 to 81.3 and a short on the 8th from 80.8 to 80.

The daily chart below shows the violent price movements.

Creating these longer term daily and weekly charts is really helping me understand how to trade the lower timeframes more efficiently.

 H4 chart below

h1 chart below