We will look at a few currencies today, talking about our open and closed positions. At the moment, we are long EURNZD and EURAUD while shorting XAUUSD. Our USDJPY has been closed with +67pips.
Entry was based on a pin bar setup near to 96 level while take profit is at 94.5. The take profit level was the previous low. Similar to AUDJPY, this trade was closed off prematurely since it was nearing the weekend. For this trade, profit is +90pips.
AUDJPY was trending lower but went into a short period of retracement of around 300pips, lasting 2 weeks. Price subsequently broke the short term rising trend line. Take profit level was at 89.6 but we decided to close off the position earlier since it was nearing the weekend. For this position, the net profit was 120pips.
For today's trade session, we closed euraud position at a profit of 180pips. At the same time, we have ongoing positions on CADJPY and EURNZD. We just added USDJPY to our portfolio too.
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