Cutting short-term trades ahead of the weekend
I’m taking my 5 pip loss in the cable and my 85 pip profit in USD/JPY and heading into the weekend with only my core long USD/CHF and long EUR/AUD trades in place. Obviously there will be some choppy trade around the NFP but they can do so without me. Any 150/200 pip moves will offer good counter-trade opportunities, as this market simply has no appetite for momentum in any direction.
Have a great weekend and catch you on Monday++