EUR/USD Beginner Level trading

Today I am down 6 pips after i shorted the market at 1659. I had actually gone long but exited the trade after it was ranging at the prefranky low (big mistake, i shouldnt have exited). Next time i wont exit it, because if the reversal doesnt happen at Franky it may happen during London just like what happened today.

Today price has broken out of the Asian session high so i guess it is going to reverse and come back to test the prefranky low. I hope to trade/short the reversal.

Short on franky with 6 pip stop loss

Price ranged around the prefranky high for most of the franky session but is just beginning to loosen

Price has gotten to the prefranky low, lets see if price can close below it.

I exit the trade after sighting a rejection candle, dont want to risk it.

Today I woke up to the market looking like this. The Asian session is over, and we are in the pre-franky session. There seems to be an option barrier at 6149 because price seems to be reacting to that level, and there is another at 6125

Frankfurt session just started, I have marked out the prefranky high and low

Price just bounced off the first 5-minute candle (16184 level) of prefranky and is ranging above it.

Price has touched the option barrier at 625

I took one short trade and two long trades. I am up with little profit and i am done for the day. Today, price didnt test the franky high or low, instead price tested the first 5-minute candle of prefranky

Today Franky opened at the edges so a classic downward to upward reversal may happen. But there is an option expiry down at 600 level so price may fall towards it first before reversing and going upward.

Price has tested the Pre-Franky Low, so I am short as price is falling towards the option orders.

Option barrier has been reached so a reversal may occur. I exit my short positions with profit

I am done for the day. I learnt a lesson, since price tested the pre-franky low it meant the reversal may not happen during franky again. The reversal may happen during London.

Just a heads-up, the price has started reversing up during the London session.

This is a 5-minute timeframe snapshot of the market today at 7 am.

At the start of Franky price kept ranging around the same level but towards the end, it broke upwards and i went long. Although i closed out with some profit, i sustained a previous loss when i went short so all together it was a near breakeven today. I am done for the day as it is past my trading hours.

P&L continuation

For last week, the pattern was a break of Asian low and then a reversal, this happened on all days except Thursday where the break of Asia continued downwards without reversing.