Hey gang, I'm headed to the gym in a minute but wanted to hop on real quick first.
I hope everyone traded with a stop loss last night. I know I did. My GBP/JPY closed out with a measly 5 pips profit
Oh well, the most frustrating thing is missing out on 200+ pips to the downside.
USD/CAD is a bit higher this morning and I'm selling a bit more here. I'm also buying my first bit of EUR/USD as per our trade plan in the weekly outlook.
Although things look nasty this morning, USD/JPY has not broken daily support and none of the other pairs have really broken out to a point where I'd say the trades are invalid.
GBP/JPY is a bit tougher. I'm not a seller at these levels, but it's hard to be a buyer too. That being said, if I look at USD/JPY and GBP/USD I'd rather buy than sell. So an argument could be made for buying GBP/JPY here. Price is also seemingly finding a bottom here where it did on January 25th.
I hope everyone traded with a stop loss last night. I know I did. My GBP/JPY closed out with a measly 5 pips profit
Oh well, the most frustrating thing is missing out on 200+ pips to the downside.
USD/CAD is a bit higher this morning and I'm selling a bit more here. I'm also buying my first bit of EUR/USD as per our trade plan in the weekly outlook.
Although things look nasty this morning, USD/JPY has not broken daily support and none of the other pairs have really broken out to a point where I'd say the trades are invalid.
GBP/JPY is a bit tougher. I'm not a seller at these levels, but it's hard to be a buyer too. That being said, if I look at USD/JPY and GBP/USD I'd rather buy than sell. So an argument could be made for buying GBP/JPY here. Price is also seemingly finding a bottom here where it did on January 25th.
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