Hello again everybody!

Thanks for your interest and your nice comments.

The eur/usd is still pretty much long. We had a small
 retracement on lower timeframes, but only to scare
some newbies I guess.

The 1.3750/ 1.3800 area is still our strong and long
 term resistance, and I would like to see a fast move
 up to this area ( why shouldn’t I ..I am still long).

However, the pair has lost steam today and we have to see
 some action first before we can do any moves.

Just a reminder: If the 1.3500 area breaks to the
 downside, I will take out my remaining long positions
 and look for short against the main long trend.

Otherwise I will keep my swing long position as long as
possible.

As expected we could witness a nice bounce on gbp/usd
in the 1.5900 area today.

The price retraced 250 pips and hit a major support line
 on higher timeframes at 1.5665/75.

My intraday short entry signal was triggered at 1.5804.

2 positions are out with 25 / 55 pips profits and one is
 still running.

I trailed my stop to 1.5795 and try to reach the
 1.5600/30 area for my remaining lot.

Keep in mind that the trend is still long and that we
have to focus on long trades in case the 1.5800 area
breaks to the upside again.

As I always say” there is only one rule – follow your rules”.
And in case you don’t have trading rules…find some and find them
fast!!!

Happy and healthy trading to all

Nikos