Took a short place @ 1.7454 @ 7.18am London time
ideas and Suggestions
The momentum had change to short perform to the new york session and also the best bollinger band coming to play along with forcing the market short. Day chart rules indied a short and also the GMMA was confirming this, so short was shot.
Profit target of 1.7400 came from fib's on the day chart, therefore limit order was set.
Conclusion
Closed position in line with projected target @ 1.7404 at 9.18am London time to get a profit of 50 points
Total points since journal began
50 Points