Open trading account 
Hey
This week started well for me as my GBPUSD long position from Friday played out very nicely and reached (more or less) its profit target. At the moment I'm holding a long position in EURUSD with a target close to 1.1470. However, Euro is trading in a very dangerous zone, namely we are at the top of the range on the Daily chart which means that anything can happen here. I'm very cautios and keeping a close eye on the trade but on the other hand, if we should see a break out (which is quite unlikely in my opinion) then I would like to adjust the TP and move it above (at least) 1.15.
Ideally, we could see a move all the way to 1.1700 or even higher, which would be a total break-out from the range that has held for more than a year.
Time will tell!
Cheers.
This week started well for me as my GBPUSD long position from Friday played out very nicely and reached (more or less) its profit target. At the moment I'm holding a long position in EURUSD with a target close to 1.1470. However, Euro is trading in a very dangerous zone, namely we are at the top of the range on the Daily chart which means that anything can happen here. I'm very cautios and keeping a close eye on the trade but on the other hand, if we should see a break out (which is quite unlikely in my opinion) then I would like to adjust the TP and move it above (at least) 1.15.
Ideally, we could see a move all the way to 1.1700 or even higher, which would be a total break-out from the range that has held for more than a year.
Time will tell!
Cheers.
