Updates: Week Ending April 17, 2026

I had another great week. I kept my trade entries, ongoing management, and exits consistent. The geopolitical tensions did not influence my analysis nor decisions. There are a few trades I'd like to recap this week, especially as I continued to focus on less is more mentality.The first small win was on the CADJPY pair.

CADJPY Daily (D1)

On the D1 timeframe:

Price held supported above the 60-period exponential moving average (EMA60)
Price also held supported above a horizontal trend line (HTL) that I had plotted

CADJPY Hourly (H1)

After seeing the market structure, it's time to fine-tune the entry. After pivoting over to the H1 timeframe, here are the key observations:

Price crossed above EMA60, which signaled confluence with the higher timeframe trend
Price also crossed above a descending trend line (DTL), which indicated the counter-trend drift move was expected to come to an end
My long entry was where I labelled "BUY" on the H1 chart

And what was the result of this trade? A small win.

CADJPY Hourly (H1)

Price drifted higher, but the overall momentum wasn't there
Price simultaneously touched EMA60 and broke below a prior low, which indicated quite a bit of concern that the trend strength there and I exited accordingly

I consider this trade a win because I followed my entry and exit rules, and my exit was not based on emotions. It was based on my observations of the price action around EMA60.

The next pair I want to focus on is the EURAUD pair. I monitored this pair quite a bit because I made two attempts trading this pair.

Here's the first attempt and the analysis that I performed.

EURAUD Daily (D1)

The observations on the D1 timeframe were straightforward:

Price held resisted to EMA60
Price also simultaneously held resisted to a weak HTL (I consider it weak since this HTL wasn't anchored around any major inflection points

I continued my analysis on the H1 timeframe:

EURAUD Hourly (H1)

My entry signal was based on price cross below the ascending trend line (ATL)
In addition, price also crossed back below EMA60 on the H1 timeframe, which indicated confluence with the downtrend observed on the D1 timeframe

EURAUD Hourly (H1)

Unfortunately, there was a loss of momentum and I exited after seeing two very strong green bars
Since a lower-low did form, I redrew a new ATL to monitor as well

EURAUD Hourly (H1)

This led to my second attempt, which I entered based on price breaking the second ATL

EURAUD Hourly (H1)

The second attempt worked out nicely where price continued in a massive downtrend, which also enabled me to scale into this trade
My exit was based on the Relative Strength Index where the indicator crossed below the 25 level

My exit criteria is based on the RSI showing oversold because price was already quite extended. For me, it's not really worth incurring additional holding costs while price pulls back simply because I want to try and see if I can push it further.

Based on my backtesting, it's not a common occurrence for price to remain in the oversold territory for a long time. It would be better for price to pull back and then take a new entry.

Finally, the last win near the end of the week that I want to highlight is on the CADJPY pair again. We already established the uptrend structure on the D1 timeframe.

CADJPY Hourly (H1)

After my first attempt to place a buy trade on CADJPY, I continued to watch the price action in the subsequent days
Price drifted lower towards the EMA60; however, this also allowed me to plot a DTL
When price crossed above the DTL, I entered a buy trade as this indicated confluence with the uptrend on the daily timeframe

CADJPY Hourly (H1)

This pair ended up trending much higher throughout the subsequent days
I eventually exited when RSI crossed above the 75 marker, which indicated oversold

This is also a scenario where I found it better to exit rather than let price pull back in hopes of pushing higher. I find that the probability of this happening is quite low, especially if this is coming after an exponential move.