Not the ideal start to the day but on reflection I wouldn't change anything. At the time, the setup looked good. I think, however, post UK data I'll be leaving it well alone with the pending Brexit vote in Parliament later on.
GBPUSD putting in some strange moves and last trade of the session on GBP pairs. Despite the better than forecast data, GBP made a dive for the 1.3200 handle and swiftly broke it. Took it on a rebound and missed TP by 1.5 pips. Closed out for +1 that turned to +0.8.
As expected the reject vote won the day and GBP has had a good sized bounce so far. Unfortunately, that volatility hasn't extended to the Euro. EURUSD is in a 8 pip range for 10 hours. Genuinely haven't seen that for years.
One of those weeks unfortunately with a few trades flirting with the TP and then reversing sharply and quickly. EURAUD was 0.8 away from home and then AUD dumped causing EURAUD to climb. Closed out for -4.
Sometimes it's better to be lucky than good and think that may apply here. Took GBPAUD after it rejected off of the top of the cloud and something has lit a fire on GBPAUD as it crumbled quickly. Closed for +58.
I read over the weekend that the EURUSD's implied 3 month volatility is at a 5 year low. Reassuring to know I'm not going crazy at how small and slow EURUSD has become. It's making trading very tricky as I'm still cautious of Brexit and GBP thus leaving me with EURUSD and EURAUD.
EURAUD has moved reasonably well but in one direction and zero signs of a setup. Tough work at the moment.