Updates: Week Ending October 9, 2026

Volatility was a little bit lower this past week. As a result, I had relatively more trades that resulted in a loss or broke even. Here's a recap.

EURAUD

Two of my winners were on the EURAUD pair. The first trade was early on in the week and the second was near the Friday close.

EURAUD 1-Hour

Price crossed below the exponential moving average (EMA) on Thursday, October 1st, which signaled a bearish sentiment
I plotted a horizontal ray at each new lower low to monitor levels to watch for pullbacks and potential sell entries
One caveat is that I try to trade clean levels, meaning no entries when price starts ranging (flip-flopping above and below a level)

EURAUD 15-Minute

Here were the two entries where I was able to target a reward-to-risk ratio of at least 2.5:1. The second trade was entered after observing the double-top, which also marked a lower high.

AUDUSD

My trade on this pair was uneventful, but it also highlighted the importance of aggressively moving stop losses to breakeven.

AUDUSD 1-Hour

When price crossed below the EMA, I took a bearish sentiment
My entry was planned around price pulling back and holding resisted below this key level

AUDUSD 15-Minute

When price pushed to the downside, I moved my stop loss to breakeven. This proved to be very beneficial as price whipsawed and stopped me out. Fortunately, this mitigated my risk and a loser on this trade.

Several of my trades also ended up as losers, which were on the EURNZD, GBPNZD, CADCHF, GBPAUD, and GBPCHF pairs.

The common price action themes resulted in two lessons learned:

Be cautious of choppy price action - just because levels are drawn at new highs or lows, it's important not to justify a trade if price is overall choppy as this signals micro-ranges
Levels must hold cleanly - if price crosses the level on a counter-trend move, that level is considered invalidated and should no longer be used to plan a momentum trade