All good things must come to an end. Fortunately, not so good things also end (most of the time). This week is prime example on not so good thing. In all honesty, there is not much to complain. I mean the trading was not on fire, so what? Normal thing in this business. So let’s take a look at the couple of trades I presented here. I closed both of them.
First was long trade in AUD-CHF.
After being up and down I decided to close it about an hour ago. My price was 0.9550, or a 10 pips gain. I still think this pair has upside potential, but it was not intention to to sit on this trade into the weekend, so I’m out.
Next trade was also a buy, this time in GBP-NZD. I entered it at the market yesterday, but also don’t want to carry it over the weekend.
I closed this one 2.6085, or a marginal gain of 20 pips. My line of thinking at this time is that I will likely revisit this pair next week, but I want to go over all other charts, crack the probabilities and decide in couple of days.
Tomorrow I’ll post something about summer slow down, so you might want to check it out and see if it’s possible to profit from it.
Time to rest. Have a great weekend!
Mike K.
