Two defeats for Germany to swallow this morning. The first was last night on the football pitch when Italy took them out of the Euro championships and overnight they were ambushed again by Italy and Spain into agreeing to ease the rules on using bailout funds to help support Spanish banks. The overnight forex trading session was particularly lively resulting in both the euro and aussie surging higher.
By the time we came to this morning’s trading room some of initial euphoria had died down so it was a sluggish start to the session. However, we managed to find a great trade on the 2min gbpjpy pair which gave us 61 pip profit and at time of writing this pair has provided another great trade, but this time to the long side.
You can find the recording on my youtube channel at this link. The recording ended before the trade ended but below there is a screen shot of the close out of the trade which was on a touch of the crash barrier. One this occasion the trading room was hosted by my husband and trading partner David. The screenshot below also shows the trade to the long side.