Trade 2 Long EURGBP (+35 pips)
Recently I have been expecting Euro strength and GBP weakness, this trade tries to take advantageof bothof these. It is a slow moving pair but remember it is priced in pound pips so work out risk carefully. It was also todays tradeof th eday which has an excellent hit rate so far
Trade 1 Long EURUSD (-15)
I presennted a large case for a significant rise in the EURUSD under the forex set up section. Ths trade follows on from that article (link below) and is trying to take advantage of the recent pullback expecting a push to new highs.
2 Open Trades both now closed
Unusually for me I am starting the day with two trades left open from yesterday, Long USDJPY and Long AUDJPY are making slow painful progress but I can see no reason to close them. They are both showing small profits and are consolidating near to recent highs. I would have refered to see an impulsive push towards their small targets but that does not apear to be happening, I will monitor things this morning and make a more positive decision about what to do with them. This mornings charts shown below with th elive trades.
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