The forex market show no mercy for my EUR/USD short position. It looks like every time it appears that it’s renewing the downtrend it gets a massive push upwards. Should I close my position now keeping a profit of over 100 pips? Nah! Never. There’s nothing I can lose with this trade.

I’m moving my stop loss from 1.3271 (which is also my entry) to 1.3241 to guarantee a 30-pip profit.

Here’s the 4-hour chart of the Eur/Usd forex pair as of right now:

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Ok, maybe now I could say that the bears finally took over and we will resume the move downwards to parity.

Just a reminder to those who have not followed this amazing trade of mine. I took a short at 1.3271. That’s where I moved my Stop Loss eventually. My take profit is set at 1.00

Here’s the 4-hour chart of the Euro Dollar forex pair as of right now:

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And I thought it was finally starting to roll down the hill. I guess we gotta wait a li’l bit more.

That’s the 4-H chart of the EUR/USD forex pair as of now:

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Just about an hour passed since my last post, and the grizzlies have fully dominated the euro bulls especially as S&P came out with a headline reading “Greece would in all likelihood would qualify as a default”. Of course, it’s not a secret what these guys tell us; we just don’t know when exactly is Greece going to default and how messy (and contagious) will the default be.

Here’s the 4-hour chart of the Eur/Usd forex pair as of now:

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