I had a great week in South Africa, but back to business as best I can whilst the football is on……Euro AM session mainly for the coming 3 weeks.
Got up this morning felt whacked as my plane got in yesterday, so thought I’d sit and observe. By 09:30 I had my setups developing on all 4 of my covered pairs – GBPUSD, GBPJPY, EURUSD and EURJPY. Of all of them EURJPY looked the cleanest and had some better longer timeframe patterns supporting a move short…..especially on the daily chart.
Demo entries ( 3 trades at 0.3% each) were at 10:05 at 111.60 with a stop loss at 110.85. Target 1 at 110.35, T2 and 110.10 and T3 109.85. I took the trade off at 11:10 with a total of +90pips spread across the 3 trades with a hypothetical +1.5% increase in equity.
I have to re-iterate I was on Demo this morning just to get back into the rhythm and swing so didn’t place any of the following trades for real. First real day will be Thursday.
See the trade below :