Fridays live trading – Patience pays off – 21st Feb
Friday morning was full of twist and turns. I originally was considering shorting cable but it did not set up and instead took off on some good data. I was then looking to see if there was a later opportunity, but again it was slow to set whilst the euro dropped quickly.
It was when I was routinely looking through the markets that I noticed the yen (currently one of the weakest) looked like it was softening but it had resistance in the form of Moving averages. IA quick view of the Euro/Yen showed a clearer path. The rest is history +26 pips.