EUR sets up nicely with a better than 5:1 reward to risk to begin October.  No significant European economic news releases to keep us out.  This familiar pattern set up after a quiet Asian session enabling us to enter the trade and progressively move our stop loss level to "take profit" as the EUR stair-stepped upward forming higher lows and reaching our Target 1.

This was an excellent trade to start the short week.  I do not trade on Non Farm Payroll days...so I will not be trading the UK session on Friday.


Keep in mind that China is off all week and the Asian session may be more subdued as a result. This bodes well for the UK session trading.

Good luck with your trades!

Michael  www.privateforexcoaching.com
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