It took a while to set up but with the EUR showing no signs of upside momentum, we found a short trade. Eventually it worked out to our advantage. With a Reward to Risk ratio of 4:1 to our Target 2, patience from yesterday paid off.
We don't give back our profits once Target 1 is hit and yesterday's low proved to be an area where buyers entered the market.
Good luck with your trading and protect your profits as we may encounter a lot of volatility during the WEF conference this week.
Back tomorrow.
Michael www.privateforexcoaching.com
Questions??? Michael@privateforexcoaching.com
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