Profit: $5.34 Total: $583.24
The dollar has been on a super charged rally this past week. Rate hike percentage increased and investors seemingly to like dollar. Although the hype is strong at the moment, the dollar has once again hit resistance. Non Farm pay roll is also due on Friday which makes this dollar position very interesting. For now I’ll be bear dollar until something interesting happens that can help the dollar break out.
My trades were mostly quick scalps today. Nothing too crazy. I couldn’t wake up for London today but had about 80 pips in profit. I’m going to look for opportunities to short dollar and perhaps hold onto a long GBP/USD trade for a very long time.
Let’s see if this pushes the dollar back down.