Monday, May 16

Cover EUR short

My limit order to short EURUSD .30 units was filled last night however, this morning I've looked at the USD daily chart and conclude it would be prudent to cover this short position as you can see price has moved up nicely  from 73 and is now getting near a wall of resistance.

I'd like to see how price deal with this wall of resistance before initiating another trade. Took a loss of -15 pips on the .30 units and got +8 pips on the .10 remaining units from last Friday for a total loss of -7 pips.


I'm still holding GBPJPY short position, see notes on chart.

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