This Friday is Christmas, so I suspect that the week in the Forex market will be relatively quiet.  I've got a few open positions that I held over the weekend that I'll be monitoring, but I don't anticipate entering into any new positions (that is, of course, unless I see an opportunity I can't pass up!).

I've currently got an AUD/USD short position that has an unrealized profit of about 100 pips so far.  I entered into this position following the breakdown out of the symmetrical triangle that I mentioned last week.

I'm also short EUR/USD, with an unrealized profit of about 340 pips so far.  This trade has really worked out well for me ever since I got in shortly after the break of the rising trendline.  I took a small portion of this trade off (about 20%) last week just so I could bank some profit, and I've moved my stoploss to breakeven.  I'll be looking to bank more profit if the pair shows any strength this week.

EUR/USD Daily Chart

The third position that I've currently got open is a long EUR/AUD position.  It hasn't taken off quite like the others, and I'm sitting at a 50 pip unrealized loss.  The pair is still above the strong support around 1.6000, so my reason for entering and continuing to be in the trade is still there.  We'll see what this pair does this week.

So, that's what I'm looking at for the upcoming week.  Good trading to all!