Trade Review: EUR/JPY

Here’s a quick review of my only pick after my break last week. It looks like I underestimated the move of the E-12 CPI report and picked out the wrong resistance point at the R2 line. It’s okay. It’s another important lesson learned on gauging news reports, and I limited the loss to only 20 pips.

Longer Term Trade reviews

USD/CAD

My USDCAD pick went as far as 85 pips before returning to the entry point. Still in trade.

EUR/JPY

My longer term pick on this pair still has not hit entry point. I will continue to watch this trade.

AUD/USD

This pair has broken below and closed below the middle channel lines. Entered at .07271. Currently up 18 pips at 0.7253. Still in trade.