Deal with This (Photo credit: Wikipedia) |
So, now it is the new week and hence the time for a new deal. I am again in a mood for going short this week.
I therefore, have the following recommendations:
Short at 1.3701 for a profit of 50 pips as well as a stop loss of same amount of pips.
I kept such a small take profit, because the market has the capacity to reach higher than this, hence I will not ruin my chances of closing the deal at a loss.
Hence, I have kept a neither here nor there kind of a deal today. If the market reaches more heights in this week, then I will keep a bigger take profit. Then probably my short deals will open from 1.3801 levels.
Will surely update once I do the same.
Till then target is on this one.
Take care and keep trading.