It was a busy London open. Pullback of EURUSD provided some good shorting opportunities. Price action was slow during Asian hours, and failed to test yesterday’s high. I was a little bit late, short was made at the lower limit of my entry range. It was a quick profitable trade. Two profit targets were achieved, with 1 still trailing. This is just another simple technical trade.
Here is the chart…
I thought I was going to call it a week early, but Cable gave me some bonus before the weekend. I was looking to short $GBPUSD around 1.48 area, however, the sluggish price action around 1.47 and yesterday’s high prompted me to give it a short earlier. 2 profit targets were achieved, and 1 still trailing. I am considering to buy some around 1.46, let’s see.
Here is the CHART!
Have a great weekend!
I like the way bears got rejected around 0.8210 area, which formed a nice short term support. I went Long $AUDUSD. 2 Profit targets were achieved, and I thought it would be wise to take some money off the table in front of 83 cents. Last portion of position is still trailing the market.
Here is the 15-minute CHART.
I shorted Euro and Aussie dollar again today. Both worked out nicely. Here is the $AUDUSD short trade. I liked the rejection of 82 cents, and the struggle of the price action around yesterday’s high. It was a pretty obvious short to me. 2 profit targets were taken, and last portion is trailing.
Here is the CHART.
I opened few short positions during since early London session, and they came to fruition during early U.S session. I decided to share $NZDUSD trade, which was a fast, and aggressively sold off. I have waited for few hours for Kiwi dollar to pull back , and I decided to pull the trigger when it struggled around Friday’s low. 2 profit targets were achieved, with last portion of the position is still trailing.
Here is the CHART. I thought it was another simple trade. (mind you, I said SIMPLE, but not EASY…. 🙂 )
Here is the trade I would like to share today. After observing USDCHF hanging around yesterday’s low throughout Asian session, and ‘seemingly’ forming short term bottom. I thought it was worth trying out a long trade. I went long $USDCHF. 2 profit targets was achieved and trailing stop was, unfortunately, triggered.
Here is the chart.
