Another good forex week for the HLHB System! Thanks to a burst of risk appetite, this trend-catcher caught hundreds of pips from both EUR/USD and GBP/USD.
Read all about my HLHB Trend Catcher System if this is your first time hearing about it!
EUR/USD started the week with a tight range, but was soon brought to life by a burst in risk appetite some time in the middle of the week. The improvement in oil prices and risk appetite boosted the pair, but not before the HLHB popped up a buy signal. The 164-pip signal was enough to negate the losses from signals #3 and #4, and resulted in a 142-pip week for EUR/USD.
Much like in EUR/USD, Cable also saw a mid-week burst of volatility. Unlike the former though, the pound also had better-than-expected U.K. services PMI going for it. Signals #11 and #14 yielded tons of pips, and inspired a 170-pip gain for the whole week. Virtual high five for all trend catchers out there!
See ya on my next HLHB post!
P.S.: Remember to never risk more than 1% of a trading account on any single trade and to adjust position sizes accordingly. Create your own ideas and don’t follow what I do. Better yet, read the Risk Disclosure!