Day 411: Quick and nimble

Profit: $5.61 Total: $1,116.44

Trading today required some agility because the dollar had a quick turn around. Right up until the NY session opened the dollar bulls were stable since last Friday. Once NY opened, there was a quick reversal in the market where the dollar pulled back and gave in, GBP/USD being one of the most influenced pair.

I was hesitant on shorting the dollar but when volume started to stir in, I decided to scalp the moves. I noticed the pound gaining strength so my main trades were longing the GBP/USD on an upward channel. Payroll numbers are due in 2 days so rash moments in the markets like today are expected.

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