Oh man, up over 40 pips just to get stopped out. Bye bye EURAUD trade.
NZDCAD, was also up, but then got stopped out. At least there I was able to reduce the bleeding by closing out half the position while the trade was moving in the right direction. But still back to back losers.
So on to the next one.
Short GBPJPY looks interesting. Nearing overbought. Right at the 100 day MA. Broke above the 50 earlier in the week. But plenty of GBP news next week. Let’s see where the week starts off. I’ll wait for a move above the 70 level and go from there.
USDJPY looks similar to GBPJPY, right near the 100 MA. And today looked like price hit a ceiling. Unfortunately, we’re nowhere near breaking the 70 level. Actually haven’t broken that level is a while. So maybe this a bad pair to trade, or we need to change up the rules. Hmmm, maybe we’ll just watch this too.
AUDNZD, actually above the 70 level, just broke through the 100 and 200 MAs on the weekly
So, more watching in store on Sunday I think.