TRADING ACTIVITIES: Closed trades: Yesterday I closed one of my trades on crude oil at a profit of $53 while leaving the other two still active. Besides that, I had a successful short trade on EUR/AUD, which I selected based on my indicator.
EUR/JPY: Yesterday I shared a trading opportunity on the EUR/JPY, which was based on the possibility of a double top pattern on the H4chart. I missed the entry level because I was busy, which should have been at the resistance level of 142.63 according to the analysis. Anyway, the trade is now floating at a medium profit, and the target will be 50% of the last ascending wave, as shown in the chart.
EUR/AUD: After closing the short trade yesterday, I kept an eye on the pair because it started forming a bearish price action on the daily chart, and I was right about it because it formed a pin bar pattern. This morning I sold again with a stop loss of 1.5354 while I have not yet decided where the take profit will be. This pair is a bit tricky to anticipate, but it is profitable due to its high volatility. I will move the stop loss to the entry level when the price falls below 1.519404 because, at the moment, it is the closest obstacle for the bears.