UPDATE#1: TRADE: EURUSD: SELL@1.11900 Wave Count Says Sell

FX:EURUSD   Euro Fx/U.S. Dollar
632 0 17
I am moving the stops on this trade to break even because of the reasons on my recent post about a possible triangle forming on this pair. Moving the stops to break even will allow me to take advantage of any continued decline in prices as per my original trade idea (see Related Ideas: "TRADE: EURUSD: SELL@1.11900 Wave Count Says Sell"). while also making sure I do not need to take any unnecessary losses if the triangle does complete. If the triangle does complete, I'll be looking to go SHORT on that completion.

Please keep in mind that I am not giving any trading signals or trade calls here. Only providing my own trade thoughts for your benefit and insight as to my trading technique and style. Please don't ask if you should or should not take the trade or ask for stop loss and take profit levels. Any SL or TP given on my trades are my own I have used for my trade and are not recommendations for you to use. If you are not sure, then you do not have a trading plan for yourself in place. I suggest you make one before you continue to do any trading!

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MTD REAL Documented Results: over +2000 pips PROFITS!
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