Open trading account 
No new trades taken today, however I had a AUDUSD sell order triggered on 11th February, which eventually reached take profit target today. Perhaps bad employment numbers and rise in unemployment rate news were main reasons AUDUSD tumbled hard this morning.
As stated yesterday, I was expecting continuation of down move on Euro against other major currencies, as both fundamentals such as talks of negative interest rate and technicals were suggesting another down day. However when I saw EURUSD massive impulsive up move right after start of London session, I decided to stay aside, as I was convinced that smart money are trying to take out all those stops above this weeks high, which proved to be right.
At present I have no bias on EURUSD and my plan for tomorrow is to review overnight price action and wait for London open to see if any fresh supply & demand zones are formed.
As stated yesterday, I was expecting continuation of down move on Euro against other major currencies, as both fundamentals such as talks of negative interest rate and technicals were suggesting another down day. However when I saw EURUSD massive impulsive up move right after start of London session, I decided to stay aside, as I was convinced that smart money are trying to take out all those stops above this weeks high, which proved to be right.
At present I have no bias on EURUSD and my plan for tomorrow is to review overnight price action and wait for London open to see if any fresh supply & demand zones are formed.
In trading - Just when u think u got it figured out - it changes…..
