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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!
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!
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.