Neither of my orders were hit today, so I'm still flat. However, USD/CHF continues to respect the down trendline that is serving as resistance, so I'm going to leave my order in place another day. If it turns down and my order is hit, it will have some room to decline before it hits support.
EUR/USD continues to fall, and since I don't have a well-defined area of support, I'm going to cancel my buy limit order.
AUD/USD has been in an uptrend in recent months, and today it formed a double bottom. Today's low is within 2 pips of the low yesterday. This is a bullish signal, and I'll enter a buy limit order above today's high.
Order = Sell Limit
Limit Price = 0.93795 (10 pips above today's high)
Stop Loss = 0.92838 (10 pips below today's low)
1st Profit Target = 0.94273 (1/2R)
2nd Profit Target = 0.94752 (1R)
3rd Profit Target = Let it ride
Be the first to rate this post
- Currently 0/5 Stars.
- 1
- 2
- 3
- 4
- 5