Hello Traders,
From yesterday’s recommendations one order got triggered – Long GBP-USD @1.5030. The price action did allow us to move our stop loss to entry, but continued the fall triggered by comments from BoE yesterday.
| Market | Direction | Entry | S/L | Move to B/E @ | Target 1 | Target 2 | Result |
| EUR-USD | Long | 1.2850 | 1.2820
(30 pips) |
1.2840
(20 pips) |
1.2875
(55pips) |
1.2985
(165 pips) |
No Trade |
| GBP-USD | Long | 1.5030 | 1.5000
(30 pips) |
1.5050
(20 pips) |
1.5060
(30 pips) |
1.5220
(190 pips) |
B/E |
| USD-JPY | Short | 100.65 | 100.90
(25 pips) |
100.40
(25 pips) |
99.85
(80 pips) |
99.15
(150 pips) |
No trade |
Given that we have Non-farm payroll in less than 2 hours, I am cancelling all the remaining orders and will stay flat during the news. If there is significant variance in numbers from expectations I may take a trade post the news.
Have a good weekend and see you next week!