One of our last trades that we entered here at forexinsightsuk early hours yesterday was the AUDJPY. This trade took off just how we wanted it too but never finished the way we'd liked. We manually closed out of this trade 50 Pips in profit as we were encountering a pull back which indicated to us a slow down of bullish momentum. We didn't want to risk loosing any profits considering the week that we have had. Therefore a wise move was to close out in a comfortable position without the fear of holding and loosing.
We are currently searching the markets for another setup today, but unfortunately nothing is jumping out at us at the moment so we won't force any trades. We will keep you updated a little later on whether we enter any positions.
Good luck and have a great Friday Guys.
We are currently searching the markets for another setup today, but unfortunately nothing is jumping out at us at the moment so we won't force any trades. We will keep you updated a little later on whether we enter any positions.
Good luck and have a great Friday Guys.