Hey Don555,
I've been monitoring my current open positions:
1. GBPNZD: SELL 1.8847, SL 1.9006, TP 1.8685, Current Price 1.8812, Pips +37
2. AUDUSD: SELL 1.0671, SL 1.0872, TP 1.0583, Current Price 1.0729 Pips -58
3. USDCAD: BUY 0.9995, SL 0.9950, TP 1.0012, Current Price 0.9975, Pips -25
Total: -46 Pips at the moment, but these are open positions.
Current Analysis,
1. GBPNZD - 1.8777, is the support it is currently going down to test, if broken, next support target will be 1.8580 area.
2. AUDUSD - Is sitting at around the 61.8% Fib retracement at 1.0732, this looks to be the resistance and is holding up at the moment. This should trend down from here if the trade is to be valid. I think I went to early on this and should have waited for the retracement to complete before entering. Lesson learned. Still holding.
3. USDCAD may have been a bad decision as it looks like it may trend further down, the daily however is currently moving upwards, so I will hang in on this one and monitor, if I see that it starts to sharply move down, I will cut my loss here, better to fight another day
I'm currently watching the GBPUSD pair, it's currently retracing from the break of the 10SMA. I'm looking at a SELL with an entry at around the 1.5762 (50% Fib) or 1.5790 (61.8% Fib).
Screenshot attached.
How are you going?
Cheers,
Miike
I've been monitoring my current open positions:
1. GBPNZD: SELL 1.8847, SL 1.9006, TP 1.8685, Current Price 1.8812, Pips +37
2. AUDUSD: SELL 1.0671, SL 1.0872, TP 1.0583, Current Price 1.0729 Pips -58
3. USDCAD: BUY 0.9995, SL 0.9950, TP 1.0012, Current Price 0.9975, Pips -25
Total: -46 Pips at the moment, but these are open positions.
Current Analysis,
1. GBPNZD - 1.8777, is the support it is currently going down to test, if broken, next support target will be 1.8580 area.
2. AUDUSD - Is sitting at around the 61.8% Fib retracement at 1.0732, this looks to be the resistance and is holding up at the moment. This should trend down from here if the trade is to be valid. I think I went to early on this and should have waited for the retracement to complete before entering. Lesson learned. Still holding.
3. USDCAD may have been a bad decision as it looks like it may trend further down, the daily however is currently moving upwards, so I will hang in on this one and monitor, if I see that it starts to sharply move down, I will cut my loss here, better to fight another day
I'm currently watching the GBPUSD pair, it's currently retracing from the break of the 10SMA. I'm looking at a SELL with an entry at around the 1.5762 (50% Fib) or 1.5790 (61.8% Fib).
Screenshot attached.
How are you going?
Cheers,
Miike