The short side has a nice setup from current levels to target the 47.99 level to the downside.
Comment:
We have taken this short trade.
Trade closed: target reached:
Price action took a bit longer than expected to move lower to our target level, which has now been hit to close our trade for a nice profit. This trade is a good example to be prepared to allow the trade to develop and be patient when you you have a strong conviction for your trade.