After a possible false local resistance line breakout we can expect a pullback.
As we can see on the chart there already were a couple of pullbacks in this area before.
So, entry point is 0.7280.
Target 1 is 0.72095
Target 2 is ~0.7105
I would place stop at 0.73855
As we can see on the chart there already were a couple of pullbacks in this area before.
So, entry point is 0.7280.
Target 1 is 0.72095
Target 2 is ~0.7105
I would place stop at 0.73855
Comment:
08/12/2015 We've reached target 1. Now we can fix 50% of the position and move the stop-loss little closer to 0.734
Trade closed manually