Rob Booker was right

Rob Booker was right on with his posting yesterday:

Here is what I said last night:  “I really like this one.  The trade would come on a close below the redline.  The profit target is all the way down at 1.3020, or perhaps 1.3060 for more conservative traders.  I would like to just use a 30 pip trailing stop on the trade.”

 
And here is what happened.  The profit target is solid.  I think it can easily get there.  I would also consider a short position, again, if the pair rises up and hits the 62 Exponential Moving Average (the blue line at 1.3155).  The target would once again be at about 1.3060.

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