Even though my entry from the trade I posted here was premature it worked out nicely and my initial target was reached. New Target TWO has been set @0.9666 (how deliciously wicked!), which nicely coincides with the 1.618 Fib Extension level off of the 07.13 high. I've moved my stop to trail above the 40 period EMA, which should be enough wiggle room within this new bear trend to withstand the inevitable pullback. I'm anticipating this taking at least to the end of the week to play out, if not into next week.
Trade active:
Currently 50 pips from our +240 pip target from the 0.99068 signal (+203 pips from actual entry @0.98683).
Trade active:
Currently 25 pips from our +200 pip target from 0.98683. Good stuff!
Trade closed: target reached:
Second lot closed after hitting our 200 pip Target II @0.9665.
