Support/Resistance was broken. Price pulled back but wasn't able to break the resistance. Second leg down broke the daily support/resistance of 24/25 8-2015. Again price pulled back.
Second leg is longer than first leg so expect a third leg that tests the previous low of the second leg.
Monitor target for exit signs, else close 50% and let the rest run.
Second leg is longer than first leg so expect a third leg that tests the previous low of the second leg.
Monitor target for exit signs, else close 50% and let the rest run.
Comment:
I entered at 37.83
Trade closed: target reached