Have been in a long for the past couple days. I am currently in this trade and it seems that today has brought extremely small volumes and very little volatility. So i closed the long position at 1.0951 and opened a short almost at the same price i closed the previous.
I will be closing this position next week or if i my stop loss hits; which ever comes first. Currently on this short i am already in profit so i will be making a tight stop loss.
Over the course of today, we had tested the 1.095xx area on about three 4 hour candles and all failed to hold. Hence closing my long and opening my short. Luckily it was a good call and good profits as it started falling just after opening the short.
I will be closing this position next week or if i my stop loss hits; which ever comes first. Currently on this short i am already in profit so i will be making a tight stop loss.
Over the course of today, we had tested the 1.095xx area on about three 4 hour candles and all failed to hold. Hence closing my long and opening my short. Luckily it was a good call and good profits as it started falling just after opening the short.