VFI: Short term range broken on EURUSD now above 1,35
Good morning to everyone. Today I woke up on time (finally) and started my morning session. First thing I have noticed was the ugly range between 1.3484 and 1.3457 on EURUSD. Anyway I highlighted my support and resistances of the day and carry on trading. In about 90minutes the EURUSD started to go in my favour. Direction of the trend was more clear, volume were rising in the the direction of the trend and the price was approaching previous resistance (bottom of the range). Entered long. The move was steady with a little pause hoooooovering around 1.3496 (at the moment the trade retraced there again). There it stayed a little while but from the PRICE LADDER I could see that there is more preassure on buy side so I carry on with the position. TP hit was just behind the corner. Today I have set only mental TP and exited after the slowdown of the move. Basically in the zone of FIX TP. So not much bigger difference between FIX TP and mental TP. Maybe next time :). +26pips.
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