What a difference a day makes. Isn’t it ironic that yesterday we were talking about the 1.6560 levels for a possible further up trend? Well as always, events outside the marketplace seem to always have a way of buffetting market setups in the wrong direction.
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Posts Tagged ‘charts’
Sterling-Yen, GBPJPY is trading at a cross-road where it could either bounce back or hit the floor.
EUR/JPY two-day slide from Friday continued today in the Asian/Pacific sessions into the Euro today. The recent uptrend we predicted a few weeks back in June finally came to a halt after making an all-time high of 169.68 on Thursday last week.
One of the rare days for some time now. I traded Cable – GBP/USD today. My trade this morning had perfect analyses and entry but too tight a stop. As I was about leaving my trade on auto-pilot there was a war in me as to leaving my stop on 20 or 30 pips. I eventually decided on 20 as my risk level. This decision eventually cost me a possible 75pips and a further 20 pips loss. Amazing, Isn’t it?