Night Owl™ Euro Currency Profit Attainment - 6/3 Session

Night Owl

Moderator
Staff member
DELIVERY PROFIT TARGET ATTAINMENT AND PRICE ARRAY DEACTIVATION:

With the attainment of Delivery Profit Target C at 1.12120 following the elected Night Owl™ faded long Jun 6E price array line at 1.11720, the long 6E price array posted by me for this 6/3/2020 session no longer is active. Night Owl™ will take no more limit entries from that array during this session.

We didn’t get the degree of downward retracement we had expected before Jun 6E/E7/M6E moved in the Night Owl™ predicted long-side direction. I hope you used entry at the ~ line, so you could book some profit. That’s why it’s there.

Faded @ line election – 1.11720 at 18:01 -> targeted exit price at 1.12120 faded Target C;

Faded profit target attainment – 1.12120 at 23.53.

As I have encouraged many times, you also might consider adding to your position at the ~ line as part of your nightly trading routine and then trail a stop on those extra contracts. If you’ve considered doing this, I suggest adding about 1/3 of whatever your normal entry lottage is.

Night Owl™ traders should cancel any working array line limit orders in Jun 6E, E7, and M6E and remain flat until my next posting, unless you're trailing your open position with a trailing stop order.

With kind regards,
For Markusha Oil & Trading Company, LLC

Mark Ansel
Developer of the Night Owl™ Trading Model
 
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