More than a retracement

The Euro recovered from its lows substantially more than the usual fibonacci retracement levels. This is a sign for a further intention to rise.

Trade stängt: Stopp nått

Handel aktiv:

I am re-opening this position. When we look to the monthly chart then we can see a very major bottom. I doubt that this can be broken easily. Thus I suppose that a (major?) etracement is in the pipeline.

Kommentera:

I took a first profit now to save me from further loss. I am leaving the remaining position long.

Trade stängt: målet nått:

I am taking the second profit now thus minimizing the loss.

Trade stängt: målet nått:

Let's call it a deal! I am closing the position now having minimized the loss.
If the situation becomes clearer I will enter another long position.
But I will be waiting for another breakthrough to the upside to have my opnion confirmed.

Kommentera:

It is creazy. I have closed all positions with profit. When we look at the chart now we see that that profit would have been very much higher now. But - no it wouldn't, because I would have been stopped out definitely before the spike up. Creazy markets! Thus I am happy to have the profit taken.