Hey guys,

Labor Day weekend here in the US and we are celebrating it with a great follow through in the EUR/USD currency pair to lower targets. 

This was our original post last week: 

And, yes we are still short and happy to be booking profits along the way. Last last night EUR/USD made another low for the year at 1.3118 which in into the target area. Brief pullback on the 60 min chart close to a fulcrum area. 

Trailing options:

1. Leaving room to minor resistance area at 1.3150

2. Pivot Trail option: as soon as set low of 1.3118 gets cleared the stop can be place above resistance area of 1.3145.

Minor time frames still making lower highs which indicates that the downtrend is still in full motion.

Our second trade last week was:

GBP/USD long over 1.6600, half soft stop under 1.6560 and half under 1.6533
Targets: 1.6632, 1.6659, 1.6685, 1.6700

09:17 AM - August 26, 2014 • 6 days ago

Today target 1 was hit at 1.6632. No changes in trail so far.

Long term perspective looking good too.

Enjoy the long weekend and let your money work for you!

Good Trading Everyone,

Anka C. Metcalf

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