A good day's work and a nice way to finish the week. EURUSD had spent the majority of the European/UK session sliding lower and it provided a very good setup. Initially struggled with clearing 1.2300 but the NY open has given it a good shove lower and closed for +10.2
GBPAUD trapped me into a good looking continuation trade and I thought price would finally clear this tight range but once again for the umpteenth time 1.7956 proved too big a road block and knocked out for -16. Not an ideal start but the trade looked great the point of entry.
It's extremely easy to get sidetracked by these massive moves but it's about staying patient and picking the right spot. The Euro is in freefall and wanted to capitalise on that and closed this for +20.
I mentioned last week that in a bid to find a few more trades I've added GBPCAD to the watchlist. Still getting to grips with its movements and took a small entry for this continuation that reversed almost straight after entry for -15 but i note it has since made a good move lower. I think it may require a slightly larger stop/target as it really moves when it gets going....7/8 pips in seconds isn't uncommon. So despite the loss, information noted and will serve as a good learner.