This pair had a nice steady downtrend and I got in when the short GMA expanded after a minor price pullback. The pair went flat for a few days before turning down convincingly. I bought 2 mini contracts and decided to profit take 1 mini to lock in the profits.
It was difficult to find a target profit as there isn’t a good peak to take reference as a support. I had to use one of the previous weekly pivots as the TP. The remaining 1 mini was triggered at the TP before I managed to shift it.
Sold 2 mini contracts at 1.0269 on 15 Jun 10.
Bought 1 mini contract at 1.0246 on 18 Jun 10.
Bought 1 mini contract at 1.0155 on 21 Jun 10.
Profit = 114 pips
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