At the moment, we have BCOUSD, AUDCAD, EURAUD and NZDJPY positions.
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.
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.
We had bearish bias on EURAUD at 1.4558 yesterday. It was a counter trend move and we had a tight take profit in place. We were looking to take profit at 1.448 but price reversed close to that level. The trade was taken due to bearish engulfing candlestick patterns on 24h and 4h, and price broke below upward trend line. As the trade progressed and slightly missed our take profit level, we detected reversal signal against our position in 4h chart so we decided to cut our position and took a small win of 0.25% equity gain.
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