Tighten stop on AUDNZD, still waiting on EURUSD
I'd like to tighten stops on my AUDNZD position once again. It was most recently at 1.3720, but I'd like to start protecting some profits--if only modestly--on the risk of a bounce. Earlier spike-highs of 1.3620 seem an attractive level against which to place stops. I see modest profits on the position, but I will resist closing any part of the position as I'm really targeting a break below congestion at 1.3560 and a move towards 1.3450.
I still like the idea of a EURUSD short, but I suspect we could establish a further high before a more pronounced decline. I'm biding time until we break to a fresh high or show a material break below important support at 1.4000.
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