Near Term Trend: Positive
Friday’s Close: 0.77091 (- 37)
UPDATE: Over nine weeks ago, we stated, “If you’re bold you could attempt a long side scalp and risk (place stop) just below 0.70610”.
If you acted on our suggestion, you would have had a profit of over 680 points (six big figures).
In light of this three weeks ago, we cautioned, “Remains a highly profitable trade. Use a trailing sell stop to protect profits”. Two weeks ago we followed with, “If you have multiple contracts, I would book 40% of profits and keep the remaining 60% of your position intact”.