EUR/USD Beginner Level trading

Took a long trade on Franky.

I exit the trade with a 5 pip profit at the 700 barrier level. I am done for the day.

I am short eurusd with stop around 704

I exit my short positions with profit.

Price kept falling till the 675 barrier. I took another quick short trade and exited after 4 pips profit. Done for the day!

Today, the market looks like this and I am preparing to start trading.

I am long on pre-franky

I am done for the day. I took a couple of trades (mostly long). Today was hectic because my internet service kept going down and when it was up it was very slow. This caused trade execution speed to be compromised. When i was in profit on some positions by the time i tried to close there was a 5 second lag during which some of the profitable positions slipped into loss.

A Review of the Market for Last Week

As we enter into a new trading week, I just want to look back at what happened last week.

1. Monday set the low for the week

Last week, EUR/USD price fell to around 1.1590 and price was not able to close below this throughout the week.

2. There was decent volatility

Last week, price always broke out of the Asian session range and there was no day where price traded inside the Asian range.

3. Mostly a Bullish Market

On Monday and Thursday, the market was down but on the other days the market was bullish.

As we can see on this 1-week eur/usd chart, last week was bullish and as we enter a new week, a close above 1.17547 will be significant "dry powder" for buyers.

I am short on prefranky with stop above 6 o clock 15-minute candle

I am done for the day. I am up about 8 pips, but it could have been more because some losses i made were unnecessary. I should not have exited some trades prematurely I should have waited for my stop to be hit. But it's all good to end the day in profit.

@yokoyi I took the same trade

I am short after the bearish engulfing pattern was spotted

I exit my short position with profit just at the start of franky. I am done for the day

After i exited my short, price went up to the 675 barrier and ranged there. The daily pivot point is also around 675.

It is worth noting that there was a cluster around 675 and 680 which caused price to range around there for a while.

the image below shows the cluster around 675/680