The illustrated shortposition was triggered and opened at the 04.05.2016 with an entry @ 1.14705.
This Position developes admirably!!! The short made averagely 215pips every tradingsession - in that hums the position is 3225 pips in win.
Now it is time to secure the position and to trail the stop loss. It is obvious to take the 0,38 fibo Level as SL @ 1,13131. Here the trade would be closed with 1574 pips.
Good luck furthermore
The Pair is trading in a big trading box since the beginning of 2015. The box is reaching from 1.05-1.1475.
The rapprochemenrt to the box`s upper edge increases the risk of falling Prices. Perhaps this Level could be a good Chance for Shorts. The Chance/Risk-Ratio is very nice at that Level (have a look at the short Position in the Chart).
The pure trend theory makes a new maximal shortterm High at 1.1615 possible. Should this Level, respective 1.1475 not be defeated, a new downwave to 1.11/1.07/1.05 can be exspected. Below the box`s bottom edge a fast selloff can be exspected.
In the longterm view, i see a clear - a with worst case TP @ 0.8
This Szenario will only be activ with Prices below 1.05!
For Longs, i also see an anticyclical Long-Chance. For further informations have a look at the following chart
Nice TrradingBox 92-100,5. Last week the index touched the bottom edge of the TradingBox and was bought there. A appeares. Should the index Trigger this , a longposition is thinkable (with Prices > 95,5) .
In my Chart i illustrate 3 thinkable positions with entry/tp and sl - 2 longpositions and 1 short.