Closed EU and AU shorts

15.08 gmt

I’ve decided to take the hit and close all trades. EURUSD seems  especially frustrating. Its completely baffling, both from a fundamental and a technical pov.

Closed EURUSD at 1.3396, -46 pips.

Closed AUDUSD at 0.8970, -18 pips.

Technically, the EU makes sense on a daily chart – it is slowly grinding higher. On anything less than daily the charts are a complete mess, with lots of small dojis mixed in with reversal candles.  Perhaps when ranges are very tight, I should trade only the daily time-frame? Its an idea worth investigating.

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