There is a less steep trendline (Red Arrow) which would be a fairly aggressive target from here.
There is a potential resistance area about 70 PIPS higher than current price (Orange Arrow)
EUR/USD – Moved stop to +145 PIPS
Tag: charting
EUR/USD – Moved stop to +75 PIPS
The pair did reach the trendline. Stop was moved higher and we’ll watch the market action.
EUR/USD – Moved stop into profit +40 PIPS
One possibility was that the pair would continue rallying towards the blue trend line.
It didn’t, and it was decided to lock in 40 PIPS as worst case.
We wouldn’t move this stop lower, only higher based on price action.
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