Those for followed my EURUSD post would have made more than a hundred pips profits from the bottom at 1.17159. This week, I expect the price to continue and likely to break out from the resistance at 1.190 level. However, it is wise to take some profits off the table and adjust your SL to breakeven. There lies a possibility that it might revisit the bottom at 1.17159 again as we mentioned this is a consolidation phase. This phase can be tricky and patience is required to play the game. And if you are over confident and not take quick profits, it will evaporate as it begins its U-turn. So, do watch your positions carefully.
Note
Praise Lord. Now it has broke out of the box channel and let's wait for some retracement before adding more.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.