Okay guys, I haven’t traded at all for the past couple weeks. Back into it tonight. I’ll be documenting my trades like I said I would; win or lose.
Currently I’m looking for a long on the Euro around 1.3030, if I get a good entry signal. If not, I’ll probably wait for a retest of yesterday’s or Sunday’s low around the 1.3020, 1.3000 level. Looking to nab 20, maybe 30 pips out of the deal before bedtime.
Also - note the 79.65 level on the USDX. Price has retested it 3 times, and hasn’t broken it. If we get a bounce off that level again tonight I’ll be even more confident in my long (also, hopefully it’ll give me a USDX divergence with the euro for confirmation on my entry. I guess we’ll see!)
As foe the pound, I don’t really see much in the way of exciting entries - maybe a retest of the 1.6000 level could give me a bounce for 20-30 pips. If we break that level, I’ll probably take a long at 1.5985 or so - a turtle soup entry using Sunday’s low as the support level
I’ll be back with an update within a couple hours. We’ll see how this goes! (Watch, now I’m going to have a massive string of losses)