This short on the 12H is unique because of the way the second blue line (ray) cuts into the strong down bar, for me it creates a compelling reason to sell, as well as the the double top, although there is no immediate structural support to the left, the pattern alone gives it a chance. I could see in some respect price respecting the 50% fib on a larger time frame view and also bouncing off of a structure point from Aug 11, 2017, but that date is a bit far back. Again, the stop is tight, set at -25 pips.
Trade active:
BE at +15 pips.
Trade active:
BE +5 at +20 pips.
Trade active:
News release, move stop to +10 pips.
Trade closed manually:
Out for 1R, price retracing sporadically.