This one turned out nicely. I took profit at 103.27 because I don’t feel like monitoring this one tonight.
+17, +~9ish on the second position(half the size)= +26 pips
+8 with the euro trade gives me 34 pips already tonight.
Not a bad start to a freaky friday :41:
What was your reasoning for taking the trade ??? What was the set up??
therightside
If you look at the Daily timeframe yesterday we had reached Daily resistance after a ~370 pip rally based off of Japanese news. So for that fact my bias was short because rarely does a rally of that size go unanswered without a correction. I had 103.20 marked on my chart as possible support, all that needed to be done was that recent low needed to be taken out.
If you see from that chart, price broke through the 5min support turned resistance, so I was waiting for a retrace up to that area. That area also coincided with a 50-61.8 Fib retrace zone. Along with the Fib retrace level, it retraced up to 103.50. 3 reasons to short for me means a good opportunity to earn some pips
Last two trades of the day today.
First is a E/Y short, Bounced of support turned resistance. +18 half position off and letting the rest run. May leave it over weekend depending on where price closes.
Second Trade:
Short U/Y. If this 4H bar closes bearish I will be keeping this position over the weekend. I expect a pullback to ~80.60 area because that’s a daily resistance that was breached during the Yen sell-off the last few days.
Hello again, just wanted to give an update on Friday’s last trades. E/Y was stopped out at BE for the second half, and I took a small loss on the U/Y short. Overall I did make some profit so I am happy. I wish I would’ve stayed in the U/Y trade as earlier today they ran to Friday’s high and got rejected, so I will be looking for shorts for tonight and Monday. I have some homework to attend to and will be back around LO
Hello again, didn’t take any trades last night, was too tired. I am currently short A/U at 1.0401, Price broke through a 4H trendline and retraced back to touch it. This also was a 76.4% Fib retrace. There is an RBA statement later tonight which I will be watching closely. Hopefully it goes with my position.
Barely stopped out on that trade. -10. Did make it back on some lucck that France was downgraded by Moody’s. Will see what LO brings tonight
