Free Forex Price Action Trading Strategies / Psychology Site

Friday, 24 May 2013

LONDON OPEN ROUNDUP

Overnight things have corrected themselves.
EUR has been most strong with EURUSD holding up back above 1.29 so far.
JPY has also strengthened again.
AUD has been weak.

Yesterday's AUDUSD long trade steadily came off its high reached around London close yesterday and the stop was hit overnight. Since then it has rallied somewhat. If the price falls back down below to where it was yesterday morning without breaking yesterday's low, I would consider taking another MTFM long if price action warrants it.

No obvious opportunities at the moment.

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