Go Long with a stop below 1.3950 ( The stop is on a closing basis, hence you may place the physical stop little away from that)
At the moment, it is at 1.4158
Disclaimer: The views expressed herein are to be used with your own discretion and neither analyst nor the publisher will be responsible for the outcome.
Lower the stop to 1.4070.
Now you have locked the profits ( a nice profit…100% gain on Investment) and out of danger.
This is in reference to the SHORT trade; I had suggested a couple of days ago through my Forex Blog
Disclaimer: The views expressed herein are to be used with your own discretion and neither analyst nor the publisher will be responsible for the outcome.
Last trade was a failure… the stop got hit. It was about to pick up and then the US Unemployment data came, which triggered it back to sell mode.
Now you may go SHORT again now, with an initial stop of 1.4365
At present, it is trading at 1.4168
Disclaimer: The views expressed herein are to be used with your own discretion and neither analyst nor the publisher will be responsible for the outcome.
Details on chart…
Disclaimer: The views expressed herein are to be used with your own discretion and neither analyst nor the publisher will be responsible for the outcome.
Look at the chart and see previous posts in this regard.
Disclaimer: The views expressed herein are to be used with your own discretion and neither analyst nor the publisher will be responsible for the outcome.
Lower the Stop to Breakeven. That is 1.4470.
Now, you have no loss even if it reverses…
You are sitting pretty with over 100% gain. And no loss if it reverses….!!!
Disclaimer: The views expressed herein are to be used with your own discretion and neither analyst nor the publisher will be responsible for the outcome.
Disclaimer: The views expressed herein are to be used with your own discretion and neither analyst nor the publisher will be responsible for the outcome.
