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Taken out on silver and GBPJPY

Silver retraced and took me out. Took a second loss on GBPJPY.

 

XAGUSD

XAGUSD

GBPJPY

GBPJPY

Taken out on Gold, thanks NFP

Taken out on Gold by a retrace lower. Loss of 1501 pips. That’s what NFP does to you, and so much for not following my own advice 🙂 See the volatility on H1 chart below.

Loss on Gold

Loss on Gold

 

NFP impact on Gold H1 chart

NFP impact on Gold (H1 chart)

Retracement entry on AUDUSD

A nice rejection of above resistance (in a downtrend) has created an opportunity for retracement entry on AUDUSD. The subsequent candles showed good downward pressure. I have entered a sell limit slighlty above current price with a stop above recent high. This is a signal on 8 hour chart.

AUDUSD H8 CHART

AUDUSD H8 CHART

PA idea for EURUSD

Here is a trade idea on EURUSD. Just wait for a retrace to the resistance above and go short.

EURUSD

EURUSD

Stopped out on GBP/USD retrace : -44pips

I got stopped out as my GBP/USD pair retraced above the last fractal level. Loss of 44 pips. Risk level remains very low at max 1% of my account on each trade. Looking back at the signals on my last two trades, maybe the EMA and Kijun slopes were a little weak.

Loss of 44 pips

Retrace of GBPUSD.