Weekly wrap up

This week was confined in a tight range between 1.5187 and 1.5124, which is quite strange. Even with the 100+ pip move in the EURUSD earlier today, the action was very limited. I did book 3 short trades for profit, making the best of a slow week. There are two open positions going into the long holiday weekend, 1 long and 1 short. I'm comfortable holding each individually and both together so no worries there. It will be interesting to see how the Asian session opens on Sunday night since that 100+ pip move in the Euro happened right after the London close. There could be a quick move down to close what they will see as a gap. As such I'll be paying attention and have a limit order setup to take profit on my short position if we get that type of move.