EverythingForex

UPDATE #6: EURUSD:Focus On The Gartley. TP1+2 Hit (+295 pips)

Long
FX:EURUSD   Euro / US-Dollar
This Gartley I posted 5 days ago has reached both TP1 and TP2 for a combined profit of +295 pips. But in a recent post on this pair (see Related Ideas: "ANALYSIS: EURUSD: Whole Lots A patterns point the way UP!"), I made it clear that I am VERY BULLISH on this pair and see MUCH greater upside yet to come. So therefore, I am NOT closing my remaining LONG positions and letting them ride. I will use a trailing stop of 75 pips (25% of the 295 pips realized profits) to allow for this pair to continue to rise while giving it some room to breathe! This is now a no-loss trade with 200 pips already in the bank no matter what.

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