Today’s trading session = +9 – 5 + 16 + 4 + 2

Tuesday has been full of nice swings and fake breakouts this morning. I have managed to get to my average target of 26pips per session and will continue to trade during afternoon trading session. At first it seemed that lot of expectations have been put into German ZEW Economic Sentiment indicator so when it came positive, $INDEX gaped down (but didn't break an important level at 78.65). I saw an initial opportunity in EURUSD at 3600 level and waited for spike to settle down to pre-news level and went LONG at 3600 11:03 GMT+1 . The move didn't fulfill my epexctations and was not able to overcome previous spike high (see image 2) at 3616  after ZEW was released. I have exited at 3406 taking a profit of 4pips.

Another trade I want to share with you happened to be also in EURUSD. Nice break of a M pattern (see image 1). The pattern itself was in a modest equilibrium with tops at 3610. The typical slowdown before break was also in place so overall AAA trade was initiated and I went short at 3598. The trade soon reached my target and generated 16pips gain.

Overall positive day with many opportunities for profitable trades. And lesson/tip for this morning session? Always wait for news to settle down a little and wait to see how the price will react near pre-news levels. It is usually a great RISK/REWARD point of ENTRY with nicely defined stop-loss level and profit target at the spike high.