Trader’s Diary 02/14/2017

EURUSD

EURUSD 30 minutes chart.

The EURUSD has been on a downtrend since february the 2nd. The red line above in the chart stands exactly for that downtrend. Price tried to break it unsuccessfully, falling and breaking support, giving us an entry point. We’re short on the EURUSD.

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EURCAD

EURCAD 30 minutes chart.

On EURCAD we had two good opportunities of going short. The first one (number 1) was with the break of the secondary or intermediary uptrend line. The second one was with the break of previous support1 region. We’re short on the EURCAD.

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GBPAUD

GBPAUD 30 minutes chart.

On the GBPAUD we had reached our target area for the long trade around 1,6392. After breaking the uptrend channel, we went long at 1,6333, target at 1,6208. On number 3 we had afailed breakout of resistance1, closing with a loss of 40 points.

Right now we are in “no one land”, wainting fro price to move either above resistance or support levels.

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EURAUD

EURAUD 30 minutes chart.

On the EURAUD, after the break of the red line above Support1, we went short. Not sure about the target area now, but moved my stop to break-even, trying to locate on the daily chart a place to put my target… Probably near 1,3760.