The Guru has had a pretty good hit rate recently although this is the first time he’s traded EUR/USD, as he normally concentrates on the AUD and the NZD.
He thinks the late NY market is still long and he expects a modest sell-off towards 1.2785 through the morning. His stop-loss is above 1.2825 so its a tight trade, but that’s what he specialises in.
(By the way, those following the Mam trade, his s/l and t/p are still unchanged at 1.2705 and 1.2950 but he will raise his stop when his next 4-hourly signal comes through)
