Holiday time and return to reality

Well, July is here and time for holiday as well. For last few weeks I have not been trading much. Few trades in VFI have been done (so far positive) and one trade on T3 strategy. Straight after I returned from my last holiday I jumped into a trade in NZDUSD. Unfortunately this trade was not a success but if the situation would appear again I would do exactly the same. It was a retracement play – trade went down strongly and then started to do a moderate retracement which held just below 38.2% + 8222 which happened to be a very strong level. After the trade held for the third time I defined a trend inside this retracement and level of entry. I wanted to go short just below 8189 but I did not get the right confirmation and I filled the position at 8172. That dramatically decreased my RR (one thing I would do differently in this trade). Overall the execution of the entry was bit late but at 72 done with precision. The trade initially dropped in my favour but very soon was reversed  and hit my SL (-48pips). Overall a good trade.

I am not planning to trade VFI tmrw so I would only look for opportunities on T3. Right now I like the EURUSD holding below 4250's and 200H1 SMA. The retracement trend was broken and the daily trendline has been touched from the downside. Now it is all about 42's and 4250's. On a hourly chart there is a visible CHANNEL so I do not like the entry below 4140's, yet. Need to see more pressure to the upside which would hold and build an even stronger level at 4140's.