My currency positions pulled back yesterday after the mini USD rally and I decided to take profits. Entry into a position is never the hardest thing to do, its closing that position that can give you sleepless nights! I sold the majority of my holdings in EURUSD and AUDUSD for a profit but my USDCAD position was sold at a slight loss.
I'm still long with a small position in EURUSD and AUDUSD, and short USDCAD. I plan on scaling into these positions as they strengthen and weaken, respectively.
- EURUSD +47 pips
- AUDUSD +16 pips
- USDCAD +1 pips