EUR/USD and GBP/USD both saw tons of forex fakeouts throughout the week. Luckily, the HLHB System also caught most of the Brexit-related volatility added pips to the system’s coffers.
Read all about my HLHB Trend Catcher System if this is your first time hearing about it!
EUR/USD yielded on a very tight range for most of the week as traders prepared for the highly-anticipated EU referendum. Like most currencies, the euro and dollar saw volatility spikes hours before the actual decision was announced. The HLHB System’s signal #11 caught most of the move and helped yield a net of 224 pips for EUR/USD by the end of the week.
Much like in EUR/USD, Cable traders also had their eyes peeled for any Brexit updates. The pair fired up on the last day of the week just as the newswires were printing increased possibilities of a Brexit. Signal #15 also hit its profit target and added 200 pips to a net of 190 pips by the end of the week. Yay!
Gotta love volatility! Will the system catch more trend-type trades next week? I’m crossing my fingers!
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!