The Panthenon Investment Group

Ok, the take profit level was triggered just a few moment ago, the spot rate is now at 1.3545.

So you see, it’s good risk management to establish a take profit level when your trade is ITM – in the money.  So if the money continues moving in your direction, you continue to make, but if the market begins to backtrack, then, you would be taken out at your take profit level.

So for this Short EURUSD trade, we locked in a trading profit of 58bps.