102 pips galore!

Woohoo, I made a 102 pips profit on my Euro position from yesterday. I decided to close my position this morning at 1.2698, as I wanted to take in all those wonderful pips, and figured I could always enter another position if market races up or down.

I see a Sterling trade 

Sterling hit my upper trend line on my channel on the 4 hour chart.

So I decided to sell on spot at 1.5421, and I’m looking downwards. 

Here’s my strategy:

Stop loss: 1.5500 – Just above the high of today.

Take profit: 1.5300 – Around yesterday lows.

I will push the stop loss lower once spot pushes below 1.5375