Thursday, March 18 Update

Hello everyone,

GMT 02:40 – Our trade from yesterday is doing well and we are about +30 pips in profit. The conservative traders may wish to consider moving their stop loss to break even at this point. I will continue to let the trade run.

GMT 07:43 – The market is at 1.3660 and the first profit target was hit two hours ago. I will let the trade run further.

GMT 07:55 – The second profit target has been hit, but I will leave the trade open for a while more to see if there is any potential for the market to keep dropping.

GMT 10:12 - Prices have bounced off the 1.3650 level and those of you who closed the trade at Profit Target 2 have made the perfect exit. I will now look for a good place to exit the trade.

GMT 14:35 – The market is stalling at the channel support line and I’ve just closed out the trade at 1.3670 for a +85 pip profit.

GMT 15:15 - There has been a breakout of the channel support, and I have just entered into a SELL trade

Sell @ 1.3640
Stop loss @ 1.3670 (30 pips ; above previous 1 hour candle high)
Profit Target @ 1.3470 (170 pips)

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