Forex Trading

Morning all,

Update on yesterday then - I played the news expert on GJ and nothing happened - then I played it again on cad at noon and nothing happened there either so no news trades.

the breakouts are still active - the CADJPY has one trade north and one trade south so we are now waiting for a breakout of that range.

GBPAUD has taken one trade south and gone back into the range. I'm happy its a short first because it's swap positive so happy to wait on that one.

Now then, for todays stuff. anything that has been stuck in a range since Friday is fair game now

First breakout addition is this one from EURCAD



this is on the 1 hour chart and it's nice to see the 200sma within spitting distance and within the range.

Also got to say i'm soooo tempted to short cable today - nice retrace happening to make a lower high on the 4 hr chart and then a drop - that's providing it's a lower high of course. Won't be doing that though cos i'm not mad on discretion anymore.

Final pick for a breakout this morning is Gold. Gold is in a tight range of just 10 dollars - see chart below.



catch ya later or tomorrow :)