EUR/USD closed the trades at 1.4402, gained 28pips. Reason...the bulls are back and as shown on the graph, the price tested the support at 1.4362 and couldn't get through. Furthermore, I worried about the last candle shown. Also I saw forming of small double bottom, will it form? we'll see about that later....if it's formed and the price pass 1.4395 resistance, it may back to my entry level. So I just took whatever profit I had at that time. As for the indicators, the MACD is still bearish but showing some strength. But I mostly observe the price actions.
GBP/USD closed the trade at 1.6376 loss 20pips. Like the EUR trade, the bulls are back, and they came in strong and pass my entry point. I made that channel drawing after I entered the short sell, which was a rash decision for me. But there is a lesson here, never ever jump on the trade based on emotion and always wait for the "right" price, don't chase the market.
Well so far...10pips profit. I don't blow out my account yet...still profit even it's tiny and I'm glad the objective is still on...don't blow out!!
See you on the next trades...
No comments:
Post a Comment