Just like that the week has come to an end, trading week that is. I hope it was as good for you as it was for me. But first things first. I’ve been following AUD-NZD with an intention to sell any move under latest 1H low. So far it has not happened, price is contained between most recent high and the low PREECEDING it. I’ll keep an eye on it next week, but might leave it alone if something else seems better to me.
Yesterday I established a trade in GBP-CAD. I entered at 2.0100, with an objective of about 2.0200-2.0210. Here is the chart:

Price started to move within an hour of my entry. Price made s a strong run, reaching 2,0204 and retreated. I had a take profit order at 2.0210, so the price just missed it. I was asleep at that time (well, I sleep sometimes), otherwise I likely would have closed the trade at the end of that hour , or around 2.0165 or so. Few hours later price made another move up. I closed the trade manually at 2.0203 or 103 pips profit.
Not a bad trade.
In the meantime, JPY took a beating today and dollar is locked in a range, just about against all other currencies. Big moves are coming there, maybe even next week. The only problem is, which way? I think the dollar way.
Tomorrow I’ll post an article from my archive about trading news announcements.
Have a great weekend!

Mike K.