I entered this trade at the end of the 0800 EST bar at 1.1579. The pair moved down pretty quickly and I moved my stop to break even when the pair hit +50 pips about 0930 EST. I did not like the way the pair was retracing so I immediately saved 25 pips and put a 20 pip trailer on it. The pair came back up, then dropped another 20 pips for me then came up and took me out at 1.1534 for a +45 pip gain. The pair has come back above the support line so I had no chance to reenter and I'm calling the trade done.
I'm still watching the Yen pairs and will keep you posted.
Happy Trading!
I'm still watching the Yen pairs and will keep you posted.
Happy Trading!
