A small target at 114.21. There are obstacles in the way...so, I plan to watch those levels and move the stop to B.E. when it reaches those levels. I am not concerned about making a profit at the barriers at this time, just break even. I am only concerned about profit-taking near my targets. I am monitoring my pound trades more than EURO trades.
Trade closed: stop reached:
stopped out of EURJPY...and I don't plan to go long this for a while:
Comment:
It formed a down trend. Sure, there is rumor spreading about Mr. Abe...but I have negative sentiment toward EUROs right now.
Trade closed: stop reached:
STOPPED OUT... no long position
Capturing the swings of the stock market & currency market. It's a dirty job and equity/currency traders must do it.