Entry 0.78915
SL 0.79311
TP - Initially 0.76148
Monthly - price nearing top of down trend channel co-located 0.800 psych resistance.
Weekly - Head/Shoulder then retrace to test 0.800
Daily - 4 pin bars. 3 of which are inside bars. This shows strong rejection off of 0.800.
Risk= 0.10 (39.6 pips).
RR= 7:1 initially.
SL 0.79311
TP - Initially 0.76148
Monthly - price nearing top of down trend channel co-located 0.800 psych resistance.
Weekly - Head/Shoulder then retrace to test 0.800
Daily - 4 pin bars. 3 of which are inside bars. This shows strong rejection off of 0.800.
Risk= 0.10 (39.6 pips).
RR= 7:1 initially.
Comment:
trade currently active