Since the pair is consolidating chances are good that we'll be able to grab some pips on the retracement as well.
The stop loss in this case goes 15 pips (or 1 ATR) below the X-point and sits @ 0.7030.
I set 2 targets :
The of the AD move sitting just below 0.7110 and at previous support (which could turn into resistance). (Reward-Risk approx 1.5:1)
The 68.1% retracement of the AD move around 0.7140 and at another previous structure level. (RR : approx 2.5:1)
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