Profitable Monday with 55 pips

Monday of this month for me is so special. It gives me a 55 pips profit on my EURUSD trade, and it's a good start for a good month. In fact, if I have the time to monitor the market today I can get over 70 pips profit. But with all the round of business meeting during the day, I just don't have the time to monitor the market even for as little as 10 minutes. It just happen I have some paper work to finish in front of my laptop that I find this opportunity to enter the market.
Lets now see how it all began and work just now...

I first scanned the 30-min chart for short trade opportunities as the trend is down since last week. It happen that today, the price breaks the low of last week Friday. From here I immediately switch to the 5-min chart and look for a successive downward price movements, where here I draw my fibonacci retracements line.

As you can see from my 5-min chart, I then quickly placed a sell limit order on my MT4 trading platform on the 38.2% level with stop loss at 61.8% level, I.e. In today's case about 20 pips. Then I calculate to have at least twice my profit from the risk of 20 pips. Anyway, I placed my target level at 55 pips from my entry point. The market hit my target level in about 7 hours later.
See how easy it is to trade the forex market with the Surefire Forex Trading method. It's so easy and tools is very simple. Looking forward for a new trade on Tuesday.

Until then happy trading guys!