Update on yesterday’s EURUSD Short Trade set-up

Yesterday, if you were able to go short on the EURUSD (also the GBPUSD) based on our hourly chart set-up, you would still be in the trade right now – and currently in the profit. It took quite a while before price reversed, but it did. Profit target @ 1.3841 (the 127% fib. ext.) is still intact.
Please don’t lose money on this trade once price has moved favorably in your favor by the same amount of pips initially risked – or, at least, by 30 pips if price movement isn’t too volatile. You can take half of your profit or as you like it. Always move your stop to break-even when price has moved quite well in your favor. Then, afterward, adjust your stop anytime a new hourly swing high is formed. WE MUST NEVER ASSUME THE MARKET WILL ALWAYS DANCE TO OUR TUNE.
The USDCHF also had a nice long-trade set-up as mentioned, but unlike the EURUSD and GBPUSD, it didn’t work out.