I have total open positions of 0.75 lot of XAU short with an average price of $1092.50 (including swap accrued over the weekend). I have set a takeprofit at $1080.50 and expect that market will see these levels somewhere on Wednesday. If there are any fundamental or technical changes in XAU in between, I’ll close the trades that are in profit to minimize my exposure.
My open position in EURUSD is 0.45 lot short with an average price of 1.09585 (including swap accrued over the weekend + commission per trade). My target takeprofit is 1.08999.
Current open position in AUDUSD is 0.25 lot short at an average cost of 0.73800 (including swap accrued over the weekend + commission per trade).
If USD continues it’s bull run (which fundamentals support specially after the NFP data that came out last friday), then I am in excellent position to close $1k in profits by the end of the week. If not, then I am another strategy at hand.
Sometimes, the trades that I am quite confident about takes a long time to mature. Let’s wait and watch!
Nothing excited expected from Asian markets this morning, so I am going to take some rest for now.