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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.

This content is strictly for informational purposes only and does not constitute as investment advice. Trading any financial market involves risk. Please read our Risk Disclosure to make sure you understand the risks involved.