We have a situation here where a previous support line is now acting as a resistance line. Initially we witnessed a strong bullish trend
followed by an indecision candle and then a bearish
confirmation candle. I have executed a short trade and have set my 1st target around the 0.70450 level. If price reaches my 1st target I will close out half of my position, securing myself around 80 pips. I will then set my stop loss at break even and aim for another 40 pips.