Open Trades:
EURJPY Short: Still sitting in this one, although my unrealised profit is now .6% I've locked in .4% of that with my stop, so there's no real reason to close the trade as if my stop gets hit it won't cost much. On the other hand, it's a nice hedge against the other trades I discuss below.
EURCAD & EURAUD short: Both of these met my trading plan requirements overnight. They are in a strong down trend, and showed high test bars within the range of the 5ema and below the twenty ema. The momentum is to the downside and my entries were at the low of Wednesday's daily bar, stop above the high. Target is 1.5% on these and I hope to have them closed by the weekend.
AUDUSD Long: Traded AUDUSD long with an entry above the high of Tuesday's hammer bar on the daily. AUDUSD is looking bullish, and while it is clearly quite volatile, I think the strong bull action on Wednesday will continue until at least the recent higher high from July 20. Target for this trade is those highs.
Happy trading!!
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