Looking at the recent rally in the EUR/USD move upwards, it's been a great move.

Now, following this strong run, it looks like it's time to exit... personally (and this is *not* investment advice!), I would be looking to lock in profits by CLOSING 1/2 of all open Long position/swing plays in EUR/USD if it gets under 1.5350... and trailing a stop at the 1.5000 on the rest of any long position.

Here's the 7-day candle chart (see the 'bear cup' breakdown on loss of support at 1.55 on 3/20?):



Here's the 1-year, for the "30 thousand foot" view. See the pivot? Here's a great place to exit if it drops to the 1.5350:



Since the pullback is the same depth in magnitude (size of single biggest red candle) as prior pullbacks, which then
found support, that's why I would not be exiting immediately, but rather waiting for confirmation on loss of the 1.5350.
Traders, getting your EXITs right is one of the biggest challenges; this is a good example of how I'd be locking in a
win on an open long, were I long the EUR/USD here, just in case it goes down further, if it takes out 1.5350-...

Thoughts? Thanks for sharing!


To bigger winners, more often -

Ken