I took four 'sets' of trade yesterday. I didn't get time to update the blog as was super busy at work. I will update with full details over the weekend but in summary:
1. Long NZD / USD, Short USD/CAD, Short EUR/USD - loss £76
2. Long NZD / USD, Short USD / CAD, Long EUR / USD - loss £122
3. Long EUR / USD, Long GBP / USD - Profit £174
4. Long EUR / USD - Profit £42
Net Profit £20.
As mentioned above, I'll provide full details, reasons etc tomorrow.
Below is the current 4H chart. Price spiked and closed above 4H trendline on low liqudity and was part of a broader USD sell off. The last 4 Friday's have been volaile with big movements - but there is no real news today and we had the big move today, so it could be a day for some consolidation.
Tecnically, the price is sitting on both 4H trendline and horizontal support so we could go long, but the price is hovering around the support, rather than bouncing of it, is near the overall 'range' high and is looking weak...so could equally see a break back down.
I'm over tired at the moment and am a bit indecisive, I do favour the downside now having given it some thought...but I'm tempted to keep my pips and money save for another week - the bank is now over 10% up!
