So, I didn't trade very actively today, just held 1 long and 3 short positions on EUR/USD since yesterday.
Finally checked what's up just now. It turns out the bullish retest of yesterday's top was weak today, and my long position didn't reach my TP of 1.0855.
This week's bullish drive did go up somewhat like I originally predicted since last weekend, but not quite as aggressive.
And now price action is cycling down again. It looks very much like we will see the low end of 1.07 area again next week, if not below.
So, I closed my long position at a small loss, and entered a 4th short. I will try to hold my shorts for at least a few days now or until TP of 1.07 gets hit.
Finally checked what's up just now. It turns out the bullish retest of yesterday's top was weak today, and my long position didn't reach my TP of 1.0855.
This week's bullish drive did go up somewhat like I originally predicted since last weekend, but not quite as aggressive.
And now price action is cycling down again. It looks very much like we will see the low end of 1.07 area again next week, if not below.
So, I closed my long position at a small loss, and entered a 4th short. I will try to hold my shorts for at least a few days now or until TP of 1.07 gets hit.
You cannot fail if you never give up.
#1 Demo $100k to $200k Return This Week:
3.0%