Hello again everybody!

I did not update you yesterday because there was not much
to say. Both pairs, the eur/usd and gbp/usd  are still
riding the uptrend.

As expected, the eur/usd moved up to the 1.4000 and the
gbp/usd to the 1.6000 area.

Both are round numbers, and as you might already know,
many traders love round numbers.

The market reacted and bounced really fast on both
resistance areas (1.4000-1.6000), giving us therefore
a 170 pips retracement on the eru/usd and a 190 pips
retracement on gbp/usd. We had some nice opportunities
to trade the market for intraday short here.

Everything looks still very bullish and I will keep my
swing positions on both pairs as long as possible.

Why should I want to get out the market if it moves in my
direction? This is a question you have to ask yourself,
because if you get greedy and take profits, even when they are already good profits, you still have to look for new entry, right!?
This you can avoid by simply staying in the trade which
is already going your way.

Have a nice day and see you soon

Nikos