Tighten Risk on EURUSD Short
My sell limit on the EURUSD got triggered overnight, and the trade has since been working out quite well. The pair bounced at the bottom of its short-term trend channel, but I still favor the downside through the near term.
My first real target is at 1.3900, so I'll stay in the position. I'll tighten risk at just about worse than break-even. Depending on your trading style you may want to take some profits off of the table here, but I won't. The stop on my position is now above recent peaks at 1.4340. Hopefully this pans out as planned, as I think this could be the beginning of the correction I've been waiting for.
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