Trades for today: EURUSD, EURGBP & USDCHF
Updated
Apologies for not posting prior to entry but as I've had a couple of bad EU trades posted, I didn't want to distract in case the price action didn't go as expected.
EU: Finally got my short for EU. I entered last night and nearly stopped out. And then scaled in before going to sleep. Looking to scale in again after a clear break and retest of 1.2 level.
USDCHF: Expecting a correction on this pair. As the price was accumulating nearing the trendline, I was expecting a counter trend trade. I took a high-risk entry prior to the breakout.
EURGBP: After multiple breaks of structure, I entered a short following the consolidation.
All trades are trending in the right direction. And expecting continuation as DXY is finally showing strength. Expecting DXY to break the trendline and continue up. Watching cautiously as it is approaching.
I was also looking at AUDUSD & NZDUSD for shorts but as both currencies are quite strong against the dollar, decided to pass on them. Luckily I didn't enter as both of those pairs have gone up even with the DXY strength.
Let me know your thoughts.
Trade Safe!
HEET
EU: Finally got my short for EU. I entered last night and nearly stopped out. And then scaled in before going to sleep. Looking to scale in again after a clear break and retest of 1.2 level.
USDCHF: Expecting a correction on this pair. As the price was accumulating nearing the trendline, I was expecting a counter trend trade. I took a high-risk entry prior to the breakout.
EURGBP: After multiple breaks of structure, I entered a short following the consolidation.
All trades are trending in the right direction. And expecting continuation as DXY is finally showing strength. Expecting DXY to break the trendline and continue up. Watching cautiously as it is approaching.
I was also looking at AUDUSD & NZDUSD for shorts but as both currencies are quite strong against the dollar, decided to pass on them. Luckily I didn't enter as both of those pairs have gone up even with the DXY strength.
Let me know your thoughts.
Trade Safe!
HEET
Trade closed manually
All trades closed in profit. The news today created wild swings. There goes my idea for DXY. Fortunately, I got out with decent profits. Done for the day. Hopefully, tomorrow will provide more trends in the markets. I'm still waiting for my EU short....
Luckily I got in USDCAD. I'll let that one run today as I'm hoping things go back to normal tomorrow. .
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