Rather challenging waiting environment today. Most of the currencies lost their previous directions, they seem to trying it both ways. To be sure, even these swings are quite large, and an attentive trader can make a living here. That’s not me, at least not on these trades. Like this one from yesterday, long AUD-NZD.

I entered right after the open, at 1.2626. Price to within few pips of my target, but then retreated. I hate when this happens, and decided to exit my position at a close of that hourly bar. The price turned out to be 1.2669 or gain of 43 pips. Turned out to be right decision, as the market sold off. I got lucky.
Now, my longer standing trade, CAD-CHF.

Here the price also came within  few pips to my target, but, honestly I overlooked it, being busy elsewhere. I didn’t get out and I’m still in it. I’m going to give it another 24 H and if the price doesn’t reach the objective, I’ll likely just get out. All this will depend on some other factors, like are there any other potential set ups developing, etc,
Till tomorrow, then.

Mike K.