FX Renew Trading Tribe Members,
Last week we had three small winning trades and one losing trade. We also have had used the reversal in the EURUSD to build a short position at levels much higher than we were at a week ago, targeting a move to possibly below the parity.
Last week you would have seen some shorter-term trades from Steve coming around the London open. We will look to continue to bring you a trade like this from Steve each day at a similar time.
Blog post this week
Please let me know any topics you would like me to write about this week in the comments section.
There are no pending orders at the moment.
Long USDJPY Average pips +46 pips or 0.3R
Short AUDUSD -80 pips or 1R
Short GBPJPY +120 pips or o.33R
Long EURGBP +10 pips or +0.12R
*1R = 1 times our risk on the trade. For example if you risked 1% of your account and you made 2R you would have a 2% profit. To learn more you can click here.