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Euro And Ozzy Continue To Rally.

Ozzy has recovered more of its losses from last week, and Euro has continued its upward momentum. Cable is still moving sideways and so is Euro Yen.

We took 2 trades today.

First trade of the day was Euro Yen short at 10409. This trade triggered in the Asian session and we closed it this morning in the UK session at 10359 for 50 pips profit.

Second trade of the day was Euro short at 12786 down to 12772 for 14 pips.

Good start to the week. The last 2 Mondays have produced no trades at all, so i am happy with what we have done today.

We have a short target on AUD at 10438 that may get hit in the Asian session. I don’t really like setting pending orders on trades that execute in the Asian session, but this AUD short trade should be a good one if it gets hit. The only problem is there are monetary policy meeting minutes coming out later which could scupper the trade. I may decide to pass on the trade depending on where the price is later this evening.

There is also a possible monetary policy statement from Japan in the Asian session, which could affect the Yen pairs, but i don’t have any trades coming up for Yen so we are OK on that one.

Good trading to all. 🙂

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