Looking to fade the GBPJPY move down as we head into the end of the week. High risk as brexit discussions and the potential for an irish border agreement seems closer unless Borris is talking some bollocks but we'll see.
Although this increases the USD pairs weighting I'm looking at a potential trade this week, the downward momentum seems set to continue after the last couple of days price seeming to slow its momentum to the upside, looking to fade a move down to key monthly support.
Looking for a continuation to the upside in the coming week. Will look to see how the market opens, US China trade talks offering an increased aspect of risk alongside the impeachment news currently. If the trade is taken I'll look to move SL to breakeven as soon as possible especially with a high potential of overnight news.
Looking to get a break and re-test of support turned resistance on the lower timeframe. Tight stop of 16 pips looking to follow the leg down to recent lows
Half risk taken on this trade as still long on a swing (stop now in profit), however after AUD high impact news suggesting more volatility to this pair.
Price has been bearish recently and this has been the most significant pullback since, looking to play this back down as overall still have a short bias. Rejection of the 50EMA on the 4h timeframe showing potential for a change in momentum.
Pending order cosidered yesterday, however after such strong bearish pressure waited to see some more confirmation. Entry placed, price has come within 4 pips of my area of interest, looking to see if we can get another pullback to this area to trigger.
Initial short in hindsight was a poor trade, with the trade war discussion still ongoing the swing to precious metals proved a key driver for price which I didn't pay enough attention to.
I need to be more selective with trades and not try to see things in the market that just aren't there. The volume of trades taken also doesn't have to be anywhere near where it...
