For those following, I just took a 30 pips profit on fraction of position in area of 157.72. One of my problems is that I can not hold long enough so I take profits on a part, and keep the other part for longer (if there is a rebound, I might re-enter the part I took off).
Covered all what I shorted since 11:ish PM. File below shows how I played it. I plan to go to bed soon, and as this pair seems to be strong so far, I do not want to risk the profits going away. Good trading everybody.
Just to add that I just went short EUR/USD at 158:ish at around 12:20AM March 31. I plan to keep this position during my sleep time in case a selloff takes place in Europe session. Bye everybody.
I believe your thinking is solid, riskfreetrading, but your timing is a bit early. No doubt a Euro correction, retrace, whatever is LONG overdue. But the market is just holding it up at this point and until you see signs of that abating, I'd be worried being short.
That was a double top you just sold, high R:R. Also, ES is at MR1, so it should see some consolidating here and U/J will fade lower pulling E/J down as well. Equities are going higher so pay attention to price action, as, this is a counter-trend trade.