AUDJPY printed a red bar which also failed to keep price above the previous resistance. Moved the stop loss below that bar and I got out. +15 pips. A bit disappointing but still it is a + sign so it is good in the end.
A trade I considered taking this morning but I chickened out and didn't
NZDUSD breaking below the down trend line. (In the screenshot I have attached the trend line look a bit off but it is just because it moves. Can't find a way to keep it pinned there).
The Moving Averages are aligning properly and pretty and we have a second bar DC breach. Unfortunately in front of us was a horizontal resistance in the 0.825 area that has been touched 3 times and, after all, the NZD has been a strong currency lately.
AUDCAD broke previous resistance, new DC low, SMAs all looking down.
Initial SL @1.06211 now trailing @60 pips
At the same time I entered a pending order buy @1.0627, SL @1.05717, TP @1.06732. That would test my theory about reversing the position. The price moved lower so I have canceled that order. That's it for today. No more trades.
In this trade I got kicked out early. It seems that when the broker has 5 digit currencies the 60 pips trailing stop should be typed as 600. That means that my 60 pips was actually 6 pips trailing stop. Profit +2 pips
EURJPY stopped at previous resistance @105.755, bounced up and broke the upper channel line.
SL @106.430 two bars back.
TP @108.000 which is a round number and price has swinged much there recently. That area is full of resistance. At that point the price made a red brick but recovered again and now it made a new high.
CADJPY in uptrend, made a deep retracement below the 81.000 level and bounced back up. It also broke the upper channel line. Good candidate for continuation. Also in the candlestick chart the pair is in uptrend on the daily chart.
SL initially @81.886. Now I removed it and entered a trailing stop of 60 pips.
TP initially @82.770 where the next resistance is but now I have removed it completely.
I will leave this alone to run as far as it can. I hope I will not regret this.