30 January 2013

EUR/USD : Short Term Target Reached

  • Long on (1) weekly inverse SHS + (2) daily pennant breakout. Various entry levels from 1.3293 (17Jan) lowest to 1.3493 (yesterday) highest.
  • (2) objective at 1.3544 reached and exceeded today (1.3562 day's high so far). Taken profit on 20% of position at 1.3544.
  • Balance of long position is partially naked, some against short cable, and now trying to work into a short Mar Copper spread (more later).
  • Reminder : SHS target 1.4269 still far away. But move is well and truly under way now. Must keep core long.

1 comment:

Taichiseal said...

-20% @ 1.3577