Hello fellow traders, Sharing a trade I placed: USD/JPY is overbought and way over the R3 weekly pivot level so I think it is time for a correction and a short postion has been taken, 112.75 stop loss and 111.80 take profit. Cheers!
Hello! My first post on the traders blog, hop I can give some insite to my fellow traders on how I trade. The AUD/NZD pair is overbought in my opinion and I am currently short the pair. I anticipate that the AUD high impact news of Retail m/m sales in a few hours will help accelerate this correction to my Take profit target. If the news is good for the AUD I might exit the position and if it is bad I should make good profit and will look to re-enter a short position on a pullback.