Hello traders and followers
Today was first day of Ducascopy Trader Contest February 2016. It is awesome that some people has made 100+ pips.Congratulations for that. I have made 20% of my starting equity and I haven't closed my positions yet. I have 3 positions opened.
Short USD/CHF - I think it has reached the peak and bearish bias has started today. Additionally we have inverted Triangle as reverse pattern. I have TP placed at 1.0050 but target of inverted Triangle is 0.9950.
Long AUD/USD - It has bounced off the neck line today. It needs to end 5th bullish wave at H4. I have TP placed at 0.7220 and I think 5th wave should end here.
Short USD/JPY - After a very big move Friday, it has to make a correction or change a direction. H1 chart has shown us a nice divergence. I have TP placed at 119 but I am thinking now, big resistance is at 119.30.
Good luck on your contests
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