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Forex Trading of EURUSD has correction on last Thursday, but I do not change my long term trade for this currency pair. — downtrend.
I was entry at 1.1174
SL 1.1204
TP many
In profit 62 pips. It is locked to break even. Break even for me is +3 pips (not really 0 profit).
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Leave a CommentNext week possible entries:
I am still agree with this EURUSD Sell, NZDUSD Sell and AUDUSD Sell and EURGBP Sell. I think this currency are still performing well for long term downtrend.
For GBPUSD now it is on double top. the last movement it might be a down movement, but still not confirmed yet. I may leave GBP a while
USDCAD was interrupted its bullishness after Bank Of Canada meeting. The strength of CAD has showed (Downtred of USDCAD), but still not confirm who will win if fought with USD. I will leave USDCAD aside at the moment.
I prefer to have currency with strong + weak combination, for the maximum outcome.
EURCAD might be one of the candidate. EUR Weak, and CAD Strong.
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GBPNZD Profit 267 pips in 13 hours
EURGBP profit 95 pips
EURUSD profit 54 pips
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My entry EuRUSD Sell at 1.1211
SL 1.1241
TP
EURUSD do not go to 1.1259 or 1.1270. It just dropped down.
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AUDUSD again, it shows a sell entry. It looks like AUDUSD do not have much correction.
I re-enter position of sell audusd at 7223
SL 7253
TP 6860
A Head and Shoulder pattern in EURGBP weekly chart. The real show started if the price could break 0.7635. However, I’ve placed the trade already.
My entry at 0.7736
SL only 0.7766
TP 0.7
In Daily Chart EURUSD is showing a strong support at 1.1214. On last thursday it is a full below 1.1214 daily closed bar. Technically the strong support 1.1214 has broken. Price may go up a bit for correction.
No entry yet at the moment. The price may go up to 1.1250 / 1.1270.
However, the same movement like USDCAD (buy) and USDCHF (buy).
Other interesting currency is GBP, shows a very strange behavior even stronger than USD. GBPUSD will be a move up. I will not trade GBPUSD (buy) since I do not want to fight with USD. However the currency GBPNZD (buy), EURGBP (sell) might be a right candidate
Forex trading Strategies
Leave a CommentIt is better to close position. I have a couple of trades other than AUDUSD. It is USDCHF and USDCAD, both are making profit. The direction are still the same, but I am afraid correction may take place. So I exit all my trades.
This is how I exit a few trades
EURUSD direction is down. but the entry price might be at 1.11250 – 1.1270.
For me.. this week is profitable.. 🙂
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