If you followed my last trade, you are now in good profits, I added up to my short position on the breakout of the triangle for quick profits. But now, where should we close this?
I had a target of 3200 on my last trade but we didn't quiet make it there even when I taught it would be a guaranteed fall to the 3250 area.
When you see a strong bounce at an unexpected area, it is always a good idea to take some profits. I took just enough for this trade to be a free trade and decided to wait for a re entry.
Today breakthrough was a perfect opportunity to add to my short and ended up making a quick 2% which was almost the difference with my original target of 3200 and where I ended up taking some profits.
I have now decide to shed the position to guarantee some good profits and planning to see how much more free money I can make with a new target at 3237. Those of you who are still in original trade, I suggest that you move down your stop loss to guarantee yourselves a profit.
I would suggest the 3420 area as your new stop loss which would make you a nice 6% profit.
That is it for today guys. If you like the updates, don't forget to follow me on here and twitter. If you have any questions, feel free to message me or comment and most importantly, trade safe.
I had a target of 3200 on my last trade but we didn't quiet make it there even when I taught it would be a guaranteed fall to the 3250 area.
When you see a strong bounce at an unexpected area, it is always a good idea to take some profits. I took just enough for this trade to be a free trade and decided to wait for a re entry.
Today breakthrough was a perfect opportunity to add to my short and ended up making a quick 2% which was almost the difference with my original target of 3200 and where I ended up taking some profits.
I have now decide to shed the position to guarantee some good profits and planning to see how much more free money I can make with a new target at 3237. Those of you who are still in original trade, I suggest that you move down your stop loss to guarantee yourselves a profit.
I would suggest the 3420 area as your new stop loss which would make you a nice 6% profit.
That is it for today guys. If you like the updates, don't forget to follow me on here and twitter. If you have any questions, feel free to message me or comment and most importantly, trade safe.