The euro$ has risen from where i bought it a few hours ago. The move up is far from impressive and not the normal explosive break associated with a falling wedge.
Those who have done my seminars will be aware that there is a Eva Mendez trade building up in the opposite direction, which is short the Euro $ .
For this reason I dont want to hold the trade overnight and am closing the position at 1.3968.
This is 31 points of profit on a 1/3 position size ie 10 full points.
It is a small profit but a profit. Those of you who have followed this blog, will know that no losses have been booked in over one month of trading.
Lets try again in the morning
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