Closed up the EURAUD trades for 261, 59, and 7 pip gains. New opportunity: Long GBPJPY Time Frame: 1 day Entry: 132.02 Profit Exit: 132.75 Loss Exit: 131.80 See Attached
I suspect it will but I wanted to sleep easy last night and I'd already taken a couple hundred pips out of it, in addition to a 50pip gain on a 1 hour GBPJPY trade, so I thought it best to close all my positions and take a break. The way EURAUD moves I could have lost my entire gain in 1-2 hours. GREAT CALL DavidMaria.... I'm still happy I got some easy sleep haha.
Short EURUSD See Attached Main Idea Trendlines showing significant resistance. Entry: ~1.3275 on avg Profit Exit: 1.3150-1.3175 Loss Exit: 1.3300
EURAUD Another Short opportunity 2hr chart Entry: 1.98+ (I'm in from a range of 1.9675-1.9855) Profit Exit: 1.95 Loss Exit: 1.9950 Triple-top/declining head & shoulders - see chart.
The weekend's EURAUD chart - these are the ones I pay special attention to. This week has closed out and we're now seeing a clear picture of what's what. I'm using 25x5 and 7x5 DMAs. The white line is 25x5. EURAUD is retesting this and if it holds on a daily I'm going to continue/add to my short position. If it breaks and closes above on more than a fakeout I'll close out. The gap down has been successfully filled. Let's see if it breaks.