Week is almost over

Good evening traders and welcome again to my trading blog. Just quickly recapping last week's EUR/USD trade ... it was a loser. Pin bar setup failed with the Euro losing ground over ongoing concerns in the region (especially Spain).

So, this week, went with a short setup and netted a nice 80 pip profit. Gave back 25 pips today on a short GBP/USD trade, but that's ok. Had a valid setup that didn't work out, that's all.

For your viewing, a look at the two setups:

EUR/USD

Working from a pin off the 20 period MVA on a H4 chart, price action moved lower throughout the North American session and well into the opening of the European open the next day which is where I exited.

GBP/USD

Set a sell entry order at the neckline of the head and shoulders pattern. Didn't quite work out as price action has now broken back above the neckline. Still bearish on the pair, but will need to wait and see ...

So far this month ...

Hello traders, and welcome to TGIF. This week hasn't been too bad so far. First winning trade in a while. Went long in AUD/USD which worked out ok, but gains were capped by the volatility with my trailing stop being absolutely smashed before heading higher immediately the next day.

Tonight, long trade in the EUR/USD off a pin bar setup. We'll see how this runs into the weekend. A bit volatile at the moment, so anything could happen.