it is likely that I will aim to take profits (if partially) at an hour close above 1.3645 on EURUSD and after a decent swing up on AUDUSD
1.3584 @ 1800 gmt was my last long on eur.usd
going to follow you here =)
GBP/USD may have had an early short yesterday at 12pm gmt at 1.6428 which would make the current price level ripe for a certain type of short trade.
1.6388 ---> another retrace short on GBPUSD
EUR/USD: once price closes above 1.3607 on the 1hr, the pair will have the same short signal that GBP/USD had at 12pm GMT on 3rd Dec
I have exited all positions now
likely that gu and eu will continue down now
I see a bi-directional signal on EUR/USD today. I will call them in order that I see them occur. They should both obey a 15 pips max. SL so I will be taking both with sensible lot sizes
The long would have been an hour close below 1.3708 IMHO although 1.3711 was also a candidate and this was closed below...
so 1.3709 was my semi-first ;( attempt at a long on EURUSD this morning with only a 15 pip SL from entry at 1.3694
Now at 1.3717 would have been the short I was explaining previously with 15 pips sl. I am more convinced of the previous long right now so I will monitor and trade accordingly to Price action.
NB. GBP/USD is so far shaping up for shorts only and very clear they are too. 2 options lay waiting for us on this currency pair
The next 1 hour candle on GBP/USD to close above 1.6380 will provide the short with 15 pip stop loss
1.6383 is my st attempt at a GBP/USD short today with 15 pip stop loss
Read this my friends
AUD/USD will have a long trade when price closes below 0.9098 on the 1 hour but not below 0.90705 on the same candle
AUD/USD had a long at 0.9090 with a 15 pip stop loss
Two further longs on AUDUSD at 0.9084 and 0.9080
Time to take interim profits on EUR/USD will be on an hour close above 1.37415
The beginner's guide to FX trading