Read all about my HLHB Trend Catcher System if this is your first time hearing about it!
EUR/USD started the week with on an ultra-tight range, as forex traders stayed away from trading the pair before the ECB’s policy decision. You see, word around the hood then was that Draghi and his gang won’t shy away from introducing more stimulus. The ECB ended up lowering its rates further and the euro…flew.
Before you flip a table, you should know that the move is likely from profit-taking after weeks of speculating on an ECB rate cut. The HLHB System’s signal #7 caught most of the euro’s jump and capped the week with a 173-pip gain. Woot! Woot!
There were two good intraweek moves on Cable for this week and I’m happy to note that the HLHB System caught both of them. Signal #4 popped up around the time Yellen spread good cheer for the dollar bulls.
Then, signal #5 popped up in time to catch some of the spillover from EUR/USD’s sharp rally. By the end of the week the system gained a net of 256 pips from GBP/USD. Wowza!
Will this week’s HLHB trading be as good to me as last week was? My fingers are crossed for another good week! 🙂
See ya and XOXO,
This content is strictly for informational purposes only and does not constitute as investment advice. Trading any financial market involves risk. Please read our Risk Disclosure to make sure you understand the risks involved.