Today’s morning session – EURJPY, EURUSD, USDCAD

Today I have been trading two of my strategies. VFI as usual. EURUSD has created nice and precise M formation (double top). I have entered just below the neck. You can see nice volume and move down after second top was formed. This was a YES signal for m to go SHORT. After that the pair has traded for a little while in a range creating more preassure on up side. Here I was hesitating if not to exit the trade since I thought that level at 1.3510 would be a problem. It took about 30minutes and it finally developed in my direction.

Another two trades are on EURJPY. As I have told you yesterday about EURJPY I find the support to be good entry level for shorting and after the volume picked up around that area I have shorted the EURJPY with target about 38pips. Again. Support was easily visible and as you can see on the picture the volume was speeding up before it breaked the support level. So nice 38pips there as well. I am currently holding USDCAD position. This position had nice downward trend and managed to get to the +28pips. No FIX TP there since I was waiting for about 45pips as FIX TP. It has now retraced and now I am waiting for more clear signals. So far it doesnt seem right so I might exit the position if it moves 20pips against me.

Have a great day.

UPDATE: I have exited the USDCAD trade at previous resistance with +30pips