This is a bit of a risky trade I am taking as price has boucned at this support line several times in recent months, but the risk:reward is there. Entering short at 116.37 on an inverted cup and handle. Setting stop above the handle at 116.88, and setting the limit down at 114.88. The height of the cup is about 150 pips, so that's where I will be aiming. Will likely take half profit around 75 pips, depending on price action.
As always, this is my personal trade I am taking, and in no way am offering financial advice.
As always, this is my personal trade I am taking, and in no way am offering financial advice.
Trade active:
Taking some profits off the table here at 116.015 and moving stop just above my entry at 116.37. Moved here because it is above what was the most recent swing.