Tradex Forex Journal

Short EUR/USD at 1.13, 26 pip stop.

 

EUR/USD is stuck around 1.1300, an important psychological number.

 

EUR/USD intraday low (created at 0:45 AM) has now been touched. This is the moment of truth, as most trend reversals will usually take place around these previous high/low levels.

 

On the 5-min chart EUR/USD has also printed a beautiful head and shoulders pattern.
I don't need it but it's still good to know it's there.

University of Michigan Consumer Sentiment report in 30 minutes (10 AM), watch out for this sucker.

 

Possible trend reversal in progress, this is not good.

 

False alarm, everything is under control now.

 

+30 pips (and counting), stop is now at break-even.

 

Out EUR/USD at 1.2550, +50 pips.
Good boy.

 

1:20 PM (New York time), let's see if it's possible to grab a few pips before closing.
Let's see here...

 

Short EUR/JPY at 120.60, 36 pip stop.