Is this the end of the January rally of the euro? I think, that it's to early to answer this. All we know is that amost 38 % of the rise have been retraced now. We may continue the rise now.
Trade closed: target reached
⋅
I am taking the first profit now still leaving a part of the position long in the market.
Trade active
⋅
Trade closed: target reached
⋅
I am taking another part of the profit out still leaving a good portion of the position long in the market.
Trade active
⋅
Trade closed: target reached
⋅
It's not the target that has been reached, because of there was only the sky left as a target. I am closing the deal to take the profit before the remaining part of the position wouldlose to much of the profit accrued on it.