Hi, Quick update; I am still with the Tony trade, even though it has closed above 1.6681. The reason is the fact that it has been beaten back so violently from a high of 1.6722 this hour and has now printed a candle with a tall wick and could be the start of a reversal pattern. I have also been watching Yippon and Cable who are also being beaten back from their rally(exited those trades with 30 and 35 pip loss respectively).
I am therefore waiting to get a feel for the next hours candle before closing the trade. If it is bullish and looks set to hold above 1.67, I will close the trade at that point. At the minute, I am down 33 pips which is acceptable for me.
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