EverythingForex

UPDATE #1:TRADE: EURUSD: BUY@1.11230 TP1 Hit (+122 pips)

Long
FX:EURUSD   Euro / Dollar Américain
Prices have already hit the TP1 for +122 pips. Prices have also hit the bottom TL of the expanding triangle pattern and were initially rejected just as I said it would. But now, will prices keep going up? Or will it now fall back down? I don't know the answer to that question but what I will do is to safeguard some of my profits and let some run just in case.

MY TRADE PLAN
I will close 50% of my LONG positions here and let the rest run with a trailing stop of 30 pis (about 25% of profits) just in case prices do continue higher. If it reverses and goes back down, then I will still have bagged +92 pips.

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