USDJPY - 106.895 to 107.812; up 88 pips
EURUSD - 1.10272 to 1.10732; up 46 pips
USDCHF - .98913 to .98831; down 8.2 pips
GBPUSD - 1.22767 to 1.247125; up 194.5 pips!
The information was easy to gather, and it helps to think about this info when entering a trade. Support and Resistance, for the week at least, can provide some perspective on potential trades. For instance, a position was just entered in GBPUSD and the TP is just above the week's resistance. It will be interesting. Technical analysis like that has to balance with fundamental analysis. What's going on with the British Pound? Trade in the country. What country anyway, UK? Is this the impact of Brexit shit? That's a weak knowledge area as of now.
A good day of trading all together. 3 positions closed out, a positive net from yesterday.
Balance: $3447. Still looking to incorporate histograms for the 5th Element strategy. More to come.
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