As per my new strategy I will be moving stops to breakeven after I am up some pips, and look to re-enter higher when price action gives another good signal if I am stopped out.
If you have any comments or feedback on this idea or your own view on the Euro , please feel free to share!
I have been in and out of shorts on the Euro, biased short the whole time but taking profit several times and have been able to re-enter higher. These patterns are still valid and my bias is still short, but I closed all positions before the weekend. I will be looking to re-enter next week, mindful of these two potential smaller bullish patterns which could be lead to a bounce (and perhaps a better entry).