Well it's been another frustrating hebdomad with a aggregation of oblique trading action but the season months are reaching to an modify today so hopefully things module garner up in the next some months. There were meet digit trades this hebdomad using my main 4 hour trading strategy. They were both winners but I don't conceive I'll be ordering the yacht meet yet.
The trades in question were on the GBP/USD and USD/JPY pairs. Both of these were in bearish trends on the daily interpret (according to the Supertrend indicator) so I was only hunting for shorting opportunities on the 4 hour charts.
The first change occurred on weekday salutation when the EMAs decussate decisively downwardly on the GBP/USD pair. I went brief at 1.6432 and ended up holding on to it overnight. My initial direct toll of 50 points was achieved the following farewell and after approaching discover half the position I permit the another half run, agitated my kibosh expiration down to break-even.
I had to go discover on weekday salutation so I ordered my direct toll at 1.6230 because I really believed a 200 point acquire was easily realizable on this latest downwardly move. However I was incredibly frustrated to come backwards and find that it had taken discover my kibosh expiration at break-even. Worst ease the toll did then go on to start to this take (and indeed all the artefact to 1.6154). So it's fair to feature that I was not amused.
The USD/JPY change occurred on weekday farewell after the EMAs decussate downwards. I went brief at 94.27 but wasn't particularly overconfident most this one. Because I was going discover I ordered both my kibosh expiration and my direct toll at 40 points. Thankfully it did accomplish this direct in the modify but I was rattling close to existence obstructed discover on digit removed occasions.
So coverall a stabilize but unspectacular week. By the artefact meet same terminal hebdomad there has been an upwardly EMA elector on the EUR/USD pair but the decisive elector lamp was again likewise long for my liking.
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