Forex Trading | EUR/USD – Holding Longs

 

Tomorrow, I will be going starting my ICT (army reservist) as part of the advance party, hence I will be going in on Friday morning and will then spend the next 2 weeks there as well.

I have liquidated all my stock holdings, and I am only holding on to my EUR/USD longs, which I have been accumulating since it was 1.24. I am expecting a minimum target of 1.26, based on a rough pattern projection.

It could go much higher than that, I’ll see when I get back.

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About the author

Spencer Li is a self-taught forex trader who made his first million at 28, and from there started building his portfolio of stocks, REITs, ETFs, properties, and businesses. As a former professional in private equity and proprietary funds, he has over 10 years of market experience, and has been featured on more than 20 occasions in the media. Also an international speaker and avid globetrotter, he has travelled to over 50 countries to spread his knowledge.

 

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  1. […] After the inverted H&S breakout, the EUR/USD has trended up strongly, going past my original first target of 1.26, and even reaching 1.28. From here, I am bullish in the medium-term, and will continue to trail my stops to maximise my profits. Prices may head down to test the head of of the inverted H&S before heading to make new highs, or it may just pullback to the area of the EMA. Either way, I am expecting bullishness. http://synapsetrading.com/2012/08/eurusd-holding-longs/ […]

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