A small trade that hopefully hits the target before the weekend. Some crazy moves in the market which reminds us to trade quality over quantity and if that means getting 15 pips here and there so be it. If that means one trade a week so be it. Be careful and don't be stupid. You don't have to trade everyday.
After I see the close of this weeks candle I will most likely short this pair and hold it for a few weeks, adding to my position as it retraces but this is no quick profit it will take time, hopefully it can reach it's target before the end of the year.
Price came up to test resistance and I see some bearish rejection candles forming on the lower time frames. A great R:R trade although this pair moves slow. Will be holding on for a few days, not expecting quick profits but who knows.
Price is testing a Daily support level and after seeing a bullish pin bar off of support I am going long and targeting previous Daily resistance. The USD still might drop but I just like the R:R of this trade and thought it worth the risk.
I am going long on EURAUD after seeing bullish candles forming on previous resistance turned support. I am targeting previous resistance. I am holding the trade for the weekend so hopefully it hits the target by next week. I will also be looking to go short once the target is hit.
I am going short on NZDJPY. My reason to go short is that price is rejecting previous Daily support now turned resistance. Price is also rejecting the 61.8 Fib level. I am going short and targeting previous support. I will hold this trade over the weekend. If this trade goes how I want and hits the target I will look for Long opportunities at support (the green...