exhaustion

EURUSD Long Fade Trade After Exhaustion On the Hourly Chart.

  • Posted on: 21 July 2015
  • By: strategist
EURUSD Long Fade Trade After Exhaustion On the Hourly Chart.

This one was a classic fade trade (as you see I like these for scalping). There was a strong bearish move on the one-hour chart and around the close of the NY session exhaustion started to take place on July 15, 2015.

I executed a long with a take-profit target at 23.6 fib retracement of the leg down. Bagged around 12 pips. Great scalping trade.

Another Fade Trade. USDCAD Exhaustion Short.

  • Posted on: 29 June 2015
  • By: strategist

On June 24 2015 there was a USD rally after the uncertainty with Greece and the EUR zone. One of the most prominent moves was on USDCAD. As we were getting ready for the Asian session, the pair showed exhaustion signs on the hourly chart. There was also a longer term resistance right around that area, which further confirmed that the pair was about the go south.