Good morning traders!
Just a quick update on the trade idea I presented over the weekend. As you can see our trade got triggered during the Asian session overnight. And we are now in profit.
The original recommendation was:
Buy at 97.77; Stop loss 97.47 (30 pips risk); Target: 98.64 (Well over 1:3 Risk to Reward ratio.)
Looking at the current price action I would like to make the following suggestions to manage this trade:
- Move the stop to break even, so we cannot lose
- Take half off the table on +30 pips
- Revised target @ 98.43