After the first small tradeclosed i reopened after Mrs May finished speaking. Yestedays trade was closed when it crossed the blue line on the chart ( a small term trend line) which indicated the rise may be over however, the pair found support at the previously identified trend line which was the point of entry yesterday and I re opened the trade immediatly this morning. Target and stoploss = 40 pips. Slightly longer term traders might have left this open yesterday but i try to stick to day trading closing the majority of trades before i stop trading for the day.
CADJPY which was the subject of my 'May top forex set up' remains open. I closed half of the trade when it turned at target 1 for 25 pips, the other half remains open with a slightly longer term view which probaby means until Friday at the latest. Trading will be slow today as it is FOMC day today, NFP's on Friday and the French election sunday. I will be glad when we get to Monday but at least we have time for research and planning, I am considering the possibility that we are approaching a major turnng point in the markets, it seems feasible that recent dollar weakness might be coming to an end and the possibility to sell the EUR, GBP, AUD, NZD might not be too far away.
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