Last night's call: EUR/USD long update:

Target 1 hit for 20 pips (1 R gain)

Target 2 at 1.3700 - today's high shy of 3 pips into target. (2.5 R gain)

We are placing a trail stop at 1.3884 (locking in 34 pips)

* R being the Risk to Reward Ratio

Sunday, June 29, 2014 post:

 EUR/USD: After a double bottom was formed on the daily chart on 6/05/2014 at the 1.3500 level the EUR/USD has moved close to 150 pips higher. Any break over 1.3650 will have a continuation into resistance area of 1.3670 decision area and if price will get through this area it will have a good tradable void into 1.3734, 1.3800 and it might attempt a run into 1.3992 (prior swing high from which it was rejected). If trend will remain strong.

Game plan:

EUR/USD long over 1.3550, stop under 1.3530

Risk: 20 pips

Targets: 1.3670 (20 pips) 1.3700 (50 pips)

Happy Trading,

Anka Metcalf

Facebook: www.facebook.com/TradeOutLoud

Twitter: www.Twitter.com/AnkaMetcalf