The job report from US last Friday came in better than expected it, but at the same time unemployement went up which increase the possibility of the FED to not tapper their current monetary policy. With that said im still shorting this pair as I expected more downside. Trade update: 6/11/2013. At this point i break even on the 2 position, lets see what market does. Trade update:6/12/2013 First Profit target hit, I will at another position at 96.45 with a stop loss at 97.10 and also locking in profit at the same price 97.10
Comments
Snpfx
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I usually target previous weekly lows or highs and monthly on the second position
kgmoney
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I rather like...how'd you choose your profit target?