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Had to step away from the markets for a bit but now I’m back, this time with a quick review of a trade in AUD/CAD that went well, but could have been MUCH, MUCH better.
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No fresh plays are popping up on the radar for me, but this break above falling highs on EUR/CAD does pique my interest for a potential position soon. More gains for EUR/CAD ahead?
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Looks like the rally in NZD/JPY could be done with these textbook bearish technical setups in the works. Are sellers about to take back control?
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Euro bulls took control last week, forcing me to adjust my EUR/JPY short, & GBP/USD is seeing resistance that has me rethinking my short entry strategy.
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Lots of movement in AUD/CAD since entering short at market last week, so it’s time to adjust the plan to hopefully maximize my potential gains if downtrend momentum picks up again.
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EUR/JPY have been bouncing back after a month-long beat down by the bears, but is that about to change with the technicals showing potential resistance ahead?
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Downside momentum is picking up once again in AUD/CAD, making the recent support break another solid setup to play the trend lower.
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Two attempts to hop on the Cable downtrend, but the bears have yet to give up some ground for an entry at a better price. So I’m adjusting my trade plan in case pullbacks do not come my way any time soon.
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What’s up forex fiends! Both AUD/NZD and GBP/USD are making moves in the last week or so, forcing me to make some adjustments to my open position & entry orders.
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After a strong run higher since entry, geopolitics & economic data has shifted enough to give bears control back in USD/CAD, eventually taking me out of my long position.
Read MoreWell done is better than well said.Benjamin Franklin