What I see is a great opportunity for the people who like to hold positions. This trade is also based on structre. Both my SL and TP based on structure. Some might say my SL is a bit tight but I see no point in holding the position after 1.5449. And TP all the way at 1.8311!
As many traders, I was able to enjoy a little ride down south. However, after reviewing the chart today and reading some news. I now have a new perspective. This is the setup:
-ABC pattern has finished
-Support line has been hit
-Fundamentally better news for the EUR (Greek bailout votes, etc)
Haven't decided ...
Currently I'm holding this shorting position in quite a few pips profit. My idea is to hold this short untill 1.0700 level. I just think the EU pair is in a major consolidation. Good luck with your trades!