Bullish trendline on the 1HR TF is broken. Similarly, previous support level on the 1HR TF has been taken out. I already had sells at 118.28 with a 20 pip SL and a 100 pip TP. The trade is currently 29 pips in profit. Will be holding this trade for the next few days.
Trade closed: target reached:
Price achieved our target of 100 pips. Bullish trendline was indeed retested for a further push downwards.