Today's 50 pips might come from Australian dollar longs. We are not particularly keen on getting long Australian dollar for long term right now but improving risk appetite after continuous market rout may brighten the AUD/USD long scenario. Trade plan is to get long AUD/USD on pull back near 0.7005 and take it from there. This might dovetail well with a minor pullback in equities ( taking about S&Pfutures )near 1925 / 1930 before eventually rise near 1950 or higher.
Besides our USDCAD log put on a stellar performance by netting +200 pips. Also getting 20 pips to start a day from EURUSD long is also not bad :)
Got filled and now taking 10 pips profit with half position.
Trade closed manually:
closed at 0.7038. We think, same trade is still alive. So will be waiting to reenter on pull backs near 0.7015.
Also another interesting development is in AUDJPY. Buying dips is preferred for retest of 84.