Good morning folks!
I’m back from my holiday! It was rather fantastic I definitely can’t complain, it wasn’t very relaxing that’s for sure, but it was a lot of fun!
If you want to check out a few photos I’ll soon update the travel part of the blog, otherwise, there’s always my instagram!
FX Trade Update
EUR/USD – 1R
If you remember, I executed a long position on EUR/USD before leaving on my holidays, it turned out to be a loss
The trade made sense at the time, it made me want to look into a new filter, so going to be working on it for a bit, to make sure it’s valid for future examples. We saw, a triple top, and even a fourth one while holding the trade, however, in these trades I do not manually manage my positions, being on holiday I decided not to look to do anything different here.
Aussie Kiwi the only pair where I am looking to execute a trade on today, let’s see what happens, I already have my order placed, it hasn’t been executed for me yet so I’m just patiently waiting to see what happens.
This move is based on the rejection of the ascending trendline, rejection of an area of supply, which makes a lot of sense to me, while we haven’t broken the market structure as of yet, I wouldn’t be overly surprised to see another leg lower.
(Only sharing my daily chart, to avoid giving away my entry order)
Take care folks!
I hope all of you are feeling great!