So the trade on the 120 minute chart of the EURO has worked out very nicely. Something I'd like to point out on this chart, as we have reached the MOB, is the momentum showing in the Oscillator. We're about an hour away from receiving the next bar on this chart, and it looks like with that bar, we will INCREASE the momentum shown to the down direction. This means that we have a good chance of BREAKING the MOB. Remember that the MOB stands for Make or Break. This is a possible scenario where we would anticipate a possible breakage.
This type of situation might warrant some thoughtful money management in that you may want to keep one contract in the trade for the "what if" factor. What if this MOB breaks, and this EURO continues to crumble? You've already made good profit in the trade. Just trail a stop on that last contract, and see what happens. The worst case scenario is to get stopped out, still at a profit, and for another Continuation Sell to set up for us to short it again!
Be Prepared!
nate
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