SL HIT Today but did not lose due to moving stop past entry point. Overall I feel like this is a winning trade, mentally due to sticking to all my rules and trading plan . I personally believe that defence is 10X more important than offence. I am still sticking to my analysis and will be looking for another entry.
Good Movement today on this pair . All risk taken away.
Posted a trade idea last week about a possible short on EUR/CAD However wasnt fulfilling my trading plan so applied patience and waited for the market to come to me . Found a nice entry and RR today. Set and Forget Principle as always.
EUR/NZD Nice Daily Close Candle suggesting more downside.
Seeing a breakout to the upside on this pair therefore found a nice entry. Not a huge fan of entering a trade on a Sunday However happy with the technicals. Lets see how it plays out
EUR/CAD Simple price action indicating downside potential. Currently I am on the sidelines waiting for more PA will review again tomorrow evening.
Final Update on EUR/USD We had some BULLISH USD News today pushing EU to the downside. SL Got hit but all risk was taken away protecting myself . No Profit No Loss . On to the next one !
Unfortunately SL HIT . However i executed my trading plan perfectly , Never forgot there is always a random distribution of wins and losses . Onto the next one.
EUR/AUD Long. Excepting More upside in this pair we have been in a tight consolidation range ( blue highlight box ) So far this week we have pushed out of this and heading higher . 3:1 RR.
24Hours later we have had a good run to the upside nice steady bullish momentum. I have taken all risk away on this trade personally yes it could come back down tomorrow and take me out however my approach is to take away risk as soon as possible.
EUR/USD uptrend is still very strong expecting another push past the current high at 1.20923. Risking 50 PIPS to gain 125 PIPS Good Risk ratio trade. Lets see how it plays out Finally Never Forget that this trade can be wrong and there is a random distribution between my wins and losses so leaving all the emotion out of this trade.
Descending Channel showing us lower highs and lower lows. 129.897 is my next target, wait for clear breakout then 127.00 second target. Great pips to be made on this pair
AUD/USD more upside in the coming months/weeks ? we have seen many higher lows since October witch is favoring more longs. First upside target is 0.73746 witch is crucial resistance for this pair, if we see a breakout 0.7600 is my next target witch is confluent with FIB.
AUD/JPY LONG TERM VIEW ON THIS PAIR. 79.866 NEXT STOP POSSIBLE BOUNCE TO TREND LINE OR BREAK TO 74.662