It's been quite a profitable week this week with several winning trades, but it was ruined by one losing trade on the EUR/USD pair on Tuesday. I'll start by discussing this particular trade because it was the first one of the week. The daily trend was (and still is) bullish on the EUR/USD pair so I was waiting for an upwards EMA crossover on the 4 hour chart. This looked like it was about to happen on Tuesday but after entering a long position at 1.4005, the price reversed back downwards and I ended up closing out at 1.3955 for a 50 point loss.
I really hate starting the week off with a loss but as long as you don't panic and start deviating from your trading strategy it's still possible to end the week in profit and this is what subsequently happened.
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