Hey everyone,
It’s been a few days since the last update. I’ve been sick along with my family, and it seems like everyone around me is catching this virus. But despite that, the market has been moving, and our swing positions are playing out nicely.
Some of these trades have been in the works for weeks and even months, and so far, they’re looking great. The only one I’m not liking at the moment is EURGBP, but I only added a small first position since we never saw good confirmation. This is why waiting for confirmation before adding size is key—you can enter at a strong level, but if there’s no follow-through and the trade quickly turns into a loser, you only take a small hit.
Current Open Positions:
EURGBP – Small Position, Weak Price Action
Price has moved against us, flirting with the stop loss. This setup looked solid from a technical perspective, but it hasn’t played out so far. Since we’re so close to invalidation, there’s no reason to manually close it—I’ll let it run and see if we get a reversal.
AUDCAD – Strong Move, Watching for Breakout
This trade is looking great. We now have a very solid move out of the long RLZ. Price is currently testing resistance, and if we can break out, I’ll add one final position and move stops into profit.
USDCHF – New Short Position
This is a new trade I entered just minutes before this update. If you recall from my last update, this pair has been on my radar for a while. The short is based on hitting HTF range highs, and the current break & retest on the daily looks like a clean distribution breakdown.
USDCAD – Possible Pullback to Breakout Level
Price is still developing here, and we may see a pullback to the breakout level. That level could act as strong resistance, but we need confirmation. No action for now—just waiting.
NZDUSD – Strong Trend Forming
The daily chart looks fantastic—clear bottom formation and now a developing uptrend. If I get another significant higher low, I’ll add one final position and move stops up.
NZDCAD – Watching Trendline Above
Strong moves here, and I’m watching how price reacts to the trendline above. If we see another daily higher low next week, I’ll move stops up. A breakout above the trendline will be my cue to add a final position while locking in profits.
Potential Trade Setups for Next Week
AUDUSD – On My Radar
I don’t have a position yet, but I like what I’m seeing. If we get a daily higher low on a retest of the level below, I’ll likely start building a position.
Final Thoughts
Swing trading is all about patience and precision. The goal is to spend less time behind the screens while making more money—position yourself correctly and let the market do the work.
If you want to get real-time daily updates on these setups, make sure you check out Clarity Edge Pro. As a subscriber to this newsletter, you can use the code NEWSLETTER to get 25% off your subscription.
That’s all for now—see you in the next update! 🚀