EUR/USD reverse

With the inability of the dollar to break the 1.1774 barrier, I opened a reverse position and went long on the euro.  I’m thinking very short term with this move and set a tight spot right below the 1.1774 barrier.  Since doing so, the pair is trading at 1.1816 for a 40 pip profit. 

I’m protecting myself by setting a 10 pip trailing stop at 1.1808 to preserve a profit.   

Popularity: 1%