Stop : .91 - Long term resistance & bottom of current channel TP: .94144 - 61.8 fib retracement + top of current channel Partial profit taking at 38.2 50% 3.9:1 R:R
Reasons for this trade:
1) Location - At major resistance & bottom of channel 2) Indicator confirmation: - Confirmed MACD Divergence - Willy crossing from over sold - W in OBV 3) Price structure - W in price