Lol well I’m not sure I’d so far as to say ‘raking in’ but I’m still with it, yes. It has made the typically underwhelming start to a NFP Friday but I’m sticking with it. Yes, I will hold it through NFP, but my Stop is at BE so it’s all upside really.
Target is a little fluid, given the current conditions, the fact that it is NFP etc. I’m not sure we’ll get there, so I really just have it in as insurance - I always place a TP order, then manage my Stop up to it, so if we get a retracement or reversal I still get out with a profit.
On this occasion, I have set my TP at 1.0168 - it’s around the top of the Daily falling channel, as well as around the 38.2 Fib level for the duration of the move. That would be a good R:R, and I will manage the trade towards that level, as a lot could happen before then - it’s NFP, obviously, plus yesterday Price peaked just below the Monthly and Weekly Pivots, which are at the same level (just below your 1.0100 level). I absolutely see why you would short there, I just have the more ambitious TP in as a backstop. I expect that my trailed Stop will be taken out ahead of then. But it’s good to have dreams lol.
Have a good weekend if we don’t overlap again ahead of then.