I've closed all but one of my shorts with healthy profits.
I'm keeping one short @ 1.6305 open (cos I'm curious), but I'll be watching the asian open for a suitable exit. If there are any gaps or major moves, I don't think it will happen til about 4-6am GMT.
Personally, I think it will gap to the upside and continue the daily trend up.
I haven't yet checked for any pending news or fundamentals though.
If the counter-trend continues down, I will see if it goes and rests around 1.6113 and go long again, otherwise I'm out.
I'm keeping one short @ 1.6305 open (cos I'm curious), but I'll be watching the asian open for a suitable exit. If there are any gaps or major moves, I don't think it will happen til about 4-6am GMT.
Personally, I think it will gap to the upside and continue the daily trend up.
I haven't yet checked for any pending news or fundamentals though.
If the counter-trend continues down, I will see if it goes and rests around 1.6113 and go long again, otherwise I'm out.
A pip is only worth it if you know how much you risked to earn it