Eurusd/gbpusd - page 1870

[myname]

Looks like another break of 1.0900 level is prepared

[eurofreek]

Better not to do anything yet

Waiting for London session

[csc2009]

The critical resistance level continues to be at 1.0950, eur/usd would need to break the resistance level to be able to retest the 1.100 area zone.

[myname]

Yes, it looks like the support a bit lower - but the trend is still bearish. Euro session open should tell us more

[eurofreek]

nbtrading:
Yes, it looks like the support a bit lower - but the trend is still bearish. Euro session open should tell us more

It will fall

[juan de dios]

All is back within expected ranges. Resistance held and now the probable next target is a psychological (not a real) bearish trend support. Expect EURUSD to range in a roughly 300 pips wide bearish channel

[Alexander Londono]

Good support for the EURUSD on the 1.0800 level, if NFP comes out better than expected, then the pair may go back to its downtrend.

[Gazzawins]

avi1:
i didnt know where to look at

GBPUSD I got a bearish setup on 5 min time frame - short at 6438 target 6386 - Stop Loss above 6464....

[Gazzawins]

Gazmeistergeneral:
bearish butterfly on GU - right at pivot - short @ 6438

moved stop to Break Even - free trade time!!

[MontyPython]

Gazmeistergeneral:
mate, like I said this am, we need to get out of the snatch profits mentality....lets work on it!! i'm holding my gu short (currently 28pips open P&L), want to close badly but haven't got near target and pa doesn't look like turning back yet - we need to ride the winners!!!!

I had the ride the winners mentality for most of the morning and saw too many green pips turn into red ones. I felt compelled to close it just to bring me back to break-even. I usually use a trailing stop. I certainly expected the price to go to 4193 but closed at 4199. I feel bad but at the same time the account is back to break even for the day. Is closing the trade to bring the account back to break even a valid reason?