A nice but slightly nervous trade here on GBPAUD. It clipped the edge of the cloud prior to the UK open nicely and just missed target on the UK open and then darted 15 pips higher before dropping down again and hitting the TP on the nose. Closed for +11.
1.7730 seems to have formed a strong intraday support level.
A pleasing trade here on EURUSD for the setup was quite a nervous one. On the face of it, a classic continuation trade but equally, there is strong divergence there and it'd have been super easy to fire into a short. However, weighing up the probability I thought there was a decent enough chance price could push to daily/session highs and continue this dollar weakness thanks to Trump's announcement. A short does look good but I'd be looking at waiting a little while yet.
A decent exit here as the setup for a bounce was just too strong to ignore. The setup looked very strong for the continuation once price bounced back down from the cloud structure. However, as price began to consolidate and the AO kept getting higher and higher, I had to exit. Closed for -1.5.
EURUSD has been in a tiny range so far today, under 38 pips. However, it has been ever so slowly grinding lower. Took this trade with a view of wanting the level at 1.2348 to really give way but price is very reluctant to let go and seems quite a stronghold for the time being. Closed for +9.5 pre news.
As mentioned in the journal, I don't have any reference points for GBPAUD this high up so attempting any shorts feels quite risky given the strong trend in place. This led to watching/waiting for a continuation trade and managed to grab +10.5 here.
A nice setup here with a pinbar off of the channel and price setting up multiple times. I was a little late entering but was eyeing off the strong intraday support at 1.8417 that had formed and it broke right before the NY open. I'd be surprised if this doesn't bounce higher from here, seems a classic false break right before a major market open. Closed for +21.
For the 2nd night in a row, my exit preceded a big drop off. Frustrating but that's the way it goes sometimes. There was a decent bounce higher and it created a nice continuation trade and closed for +12.
GBPAUD has reversed 85% of the move up on the Chinese news regarding tariffs on the U.S. It's now approaching very solid support where price hasn't passed all week. Managed to grab this nice continuation trade for +14.
Not the best start to the day, EURAUD trapping me into a short and then promptly reversing to the stop for -15.5. I'm struggling to read EURAUD, GBPAUD. GBPAUD is 30+ pips higher post news which just makes zero sense. The Aussie dollar is just so weak at the moment.
EURUSD providing a nice setup post US data and once price closed on the full at the high I entered. It had a strong divergence setup also but given the slow, methodic rise in EURUSD so far today I felt it was a safer bet to try the long. Closed for +11 and a decent Monday.