TAKE PARTIAL PROFITS ON EURO DOLLAR SHORT TRADE AROUND POSITION AND MOVE STOPS ON THE REST TO BREAK EVEN $FXE $6E_F,

TAKE PARTIAL PROFITS ON EURO DOLLAR SHORT TRADE AROUND POSITION AND MOVE STOPS ON THE REST TO BREAK EVEN $FXE $6E_F,

This post was published on ZYX Short Sell Change Alert.

 Mario Draghi of ECB was more hawkish than the consensus in his press conference yesterday after ECB meeting.  Today we see euro strengthening against the dollar even after an extraordinarily strong jobs report.

Market participants are beginning to think that monetary policy will tighten in Europe at a faster rate compared to the tightening in the U. S.  Consider taking partial profits on one-half of the position right here and move stop on the remaining to break even.  The prior short zone is no longer valid.

To learn more about Trade Around positions please read, Trade Management Guidelines.

This is separate and distinct from the long-term short euro position.

Trades posted on The Arora Report Market Blog have produced unrivalled performance since 2007.  Please click here and scroll down to see the table of all trades.  These trades have been scrutinized in real-time by thousands of subscribers across the globe.  This provides easy verification of performance for newcomers to this site.  Only those trades are included in the performance where the entry post was made available to subscribers to The Arora Report Market Blog.  When the entry post is made available only to the paying subscribers and not posted in real-time on The Arora Report Market Blog, the resulting performance of the trade is not credited in the performance table.  There are very nice gains on this trade but since the entry trade was not posted here in real-time, handsome profits on this trade will not be added to the performance of The Arora Report Market Blog shown on the table.

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