A few weeks ago I put up a post with some of our live positions. Since then a few have been taken out on either positive stops or from targets. Some however, such as the EUR/USD trade that I wrote about remain in and are continuing to keep the direction.
Since taking on our EUR/USD short position @ 1.3600 7 weeks ago we have seen the Eur push to test into continuing lows. We saw it stall out in the 1.3350 area for a couple weeks, but now seems to be continuing the direction to the down side. Currently price is pushing the 1.3300 area and with the break of support looks like it could continue the move down to the 1.3200 area and even possibly the 1.3000 area of support with some momentum in the next 4-8 weeks.
More strength in the USD has helped this pair continue the move, and with current eurozone news and economic conditions things seems to be pushing the pair back to test previous lows from the last couple years. Currently this position sits at almost 300 pips of profit, with another possible 100-300 left in potential should it move to test our current target. Should we close the current target area we will see a gain of about 5% on the entire account with this trade.
Currently we have positions on with the USD/CHF, USD/DKK, DOLLAR INDEX, AUD/NZD, and USD/JPY. Also watching Gold / Silver and Indexes for entries on both short and long term time frames.
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