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Very very slow week and month but I managed to enter a trade today after the EUR news occurred and the position is currently up +117 pips. I will be aiming for the full projection as per the previous swing and stop loss has been set to break even. The great aspect of this trade is that it has broken out of its previous double top highs with a round number for support.
Here is the trade taken on the 4-Hour chart:
Alternatively, one could also enter the position right now as the pull back is occurring nicely on the 4 hour chart back to the support of the flat top triangle.
Further to my position opened up last Thursday on the Euro, it enjoyed a momentum filled breakout out of the sideways consolidation pattern and stopping short at the 1.5450 area. An extra +50 pips could have been achieved but I decided in the end to cut it early as it was moving sideways for a good 2 days within a narrow range and honestly did not want to loose out on the pips I’ve already gained.
Anyhow, add an extra +92 pips to the bank for the month. I have glanced at the charts briefly this afternoon and haven’t seen any decent setups on the 4-hour or Daily charts that I prefer.  Stay tuned, more to come.
Everyone has a different situation and must decide for themselves what makes the most financial sense 401k or IRA .BT offers top-of-the-line trading tools
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