Monday, 13 June 2016

EUR/USD and AUD/USD sell profit


From my trade entry post here, I was able to manually close both my trades earlier. Giving me 59.7 and 26.4 pips profit for EUR/USD and AUD/USD respectively.

EUR/USD 15m chart

AUD/USD 15m chart

I tried watching the price action in the 15min timeframe of both EUR/USD and AUD/USD. Then I positioned short entries since I think that the trend is still bearish. The price reached a point where I thought was a good resistance level so I positioned my short entries below the recent support level. The price movement did go down as what I expected but it turns out to be just a support level. From both trade in EUR/USD and AUD/USD I got -25 and -21 pips loss.

The total pips I earned from the 4 trades is 40.1 pips profit.

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