Sunday night/Monday morning

We had an unusually active Sunday night and Monday morning this week. Not really sure why, but we already know that we don't trade dead markets, so activity is good. Let's look at some nice trades.

First, last night E/U faked a breakout to the downside and bounced off at 1.2736, I went long around there, because it was a previous important level, and we had a divergence on the RSI. There was also a possible short as it reached the upper trendline of the channel, but I was at work then.



U/J broke the trendline and went down without ever looking back. I didn't trade U/J but instead shorted E/J and G/J.



There were also multiple bounces above 133.00 on G/J. The first bounce was also a trendline bounce and the second was a previous support bounce.



Here's a textbook U/CAD bounce:



And a textbook E/J bounce:



Finally, this E/G bounce was good for 20 pips, but I closed it for -7, because I had to go to bed:



-Tyler