I’m feeling like I lucked out on this one again.
I was talking last night about some set ups; shorts on GBP, EUR, and AUD. However I woke up this morning and AUD looked like a good long on ITT so I took it on.
I stuck to my guns. The trade started off bad for me and at one point I was down I believe 50 bucks, or 16 pips. Then this happened:
From the open to close of the big bar is about 54 pips. Wows. I decided at this point that I’d be happy getting out of all 3 positions, and set my stops pretty tight. They ended up triggering all on stop losses, netting me about 56 pips overall. I updated the Spreadsheet and included the bad GBP trade from the other day, which was -20 pips.
Moving forward AUD looks like it could be turning straight back down, with a hanging man forming on the 1 hr and possibly on bigger time frames as well within the next few hours. GBP is also heading into super super overbought territory.