One aspect of trading, is putting your money on the line and then sitting back and letting things unfold. Well, it's now been a day or so since I blogged, but remember earlier in the week when we were playing for a EUR/USD breakout?

You can click the link and take a look at the charts, but the setup was basically trying to position ourselves with a healthy long position before the trend line breakout, so we could really capitalise on any follow through.

We've since seen price pull back to retest that support level that we were using to manage our risk around and then got a nice rip city move off of it, straight back to the highs.

From here, you should be sitting pretty depending on your risk:reward at the bottom there and now have the option to close at swing highs or hold for a play at the trend line breakout.

Best of probabilities to you.

---

@danewilliams | Steemit Blog

Market Analysis

Twitter: @danewilliamsau