The exchange rate of this pair came close to a long term swing area which led to a reversal.
I am long with a small size and will continue to monitor the price action.
EUR/USD – Potential Support
Tag: charting
Dow Short Trade – 100 points in an hour
The trade was opened and shortly thereafter there was sharp selling. This allowed for a breakeven stop to be entered.
After a while I moved the stop loss lower and also had a take profit order in.
Then it was decided to move the stop loss to +100 points profit which is where the trade was closed out
EUR/CAD – short trade 4 HR chart – result +100 pips
See the related post below the image. The result of this trade was that it did not get stopped out at breakeven. What happened was that a take profit limit order was filled for about +100 pips profit.
Charts101 Trading 