Best trading week of the month! Ayumi got so lucky that my position is Triggered with minimum loss (-40 pips) on GBP/USD, if there's no SL, I believe I will suffer with loss of paper capital (more than 100 pips), as well as mental capital.
Money management and protection of the account is VERY important! Keep an eye on your trading account, your money, your profits, they'll not run away if you are keeping them in tight control. They'll not run away if you are making consistent profit, and consistent losses. :)
EUR/USD
Many signs of EUR/USD reversal.. pick short when EUR/USD come up to 1.3680.
for a healthy correction to take place, this reversal will find its support at 1.3480, major support at 1.3330.
Position trade: Short 1.3680, SL 1.3710, TG 1.3480.
Intraday Long at 1.3573 SL 1.3533 TG 1.3680. This order must be cancelled if there's no price movement until midday (GMT+8).
Overhead resistance 1.3750-800, if EUR/USD break above this level, then it will continue go north again with our target 1.4030.
GBP/USD
Choppy week.
Looking forward, GBP/USD found a strong resistance at 1.6058 and formed a nice wave pattern in intraday chart (4 hour), and flag pattern on day chart (lower high).
Potential down to 1.5790 (within reach), S1: 1.5560, S2: 1.5350.
Intraday using initial shadow to short at 1.5900 SL 1.5950 TG 1.5790.
Summary: Only 1 position trade for EUR/USD, the rest: GBP/USD, Gold Ayumi is going for intraday trade only.
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