[FXTrader]

The previous sell setup around the 1.4200-1.4250 worked out well for about 50-80 pips depending on the entry. There were a few opportunities at shorting in that area. Since Friday, price has been consolidating at support, 1.4150, which was a great place to add to your longs. That won’t be the focus of this post since I didn’t get a message sent out about that setup. I am now looking to short between the 1.4250-1.4300 area. Adjust stops on any longs you’re holding and let them work. The funny thing about trends is that they are persistent and take awhile to turn around. Nevertheless, there are many great counter-trend opportunities if you know what to look for. Just don’t hold on to them as long as you would a trend trade.