Price has slipped under trendline support and is heading back to look for support at the 200 sma. I'm SHORT from .7765 with a hard STOP above the trendline at .7785 for a 20 pip risk. Looking for TP at the 200 if it holds or hopefully much lower at WS1 pivot at support .7571 sometime next week.
Trade active:
Slow progress on this trade but we are still heading in the favoured direction. Now at +46 with a STOP just obove todays open at .7741. Price is now under the 200 sma on H1 though we haven't closed below yet. WS1 is our first target at .7627
