Weekly Report October 18th. Another week behind us in the markets. This week we send out our weekly analysis with EUR/CAD and EUR/JPY shorts, however we didn’t manage to take any positions this week and are resting at drawdown for October.
Lets breakdown the trades
We dismissed EUR/CAD because of that weak Canadian inflation, however it was the same with Eurozone inflation, so if you stayed with the initial bias you had plenty of opportunities to catch a move here, as shown on the charts above.
EUR/JPY on the other hand was more choppy with its price action but going with the weak euro bias you could’ve gotten something out of this pair.
We didn’t but let that be a lesson to stay focused and stick to the plan.
This is it for this week, have a great weekend, peace out.