I got little frustrated this morning as I sold EUR/USD at 1.3148 this morning but didn't get the follow through action. The price moved back up and I had to cover for a mere 1 pip profit. I want to be on the safe side and don't want to be caught out. I've promised myself to stick to my trading rules .
I turned my attention to GBP/USD and I have noticed a price pullback from the 1.9502 level. I picked my best spot to short, i.e. 1.9521 and decided to risk only 15 pips. I had no clue this was coming (comments from BOE). Hence, I got excited and booked my profit far too soon at 1.9483 for 38 pips. On hindsight, I should have let the winner to run a little longer.
Anyway, a good start to the week.
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