Entry: Short @ 1.55959 after 2nd bearish reversal day candle off daily resistance at 1.57093
SL: Set at 50% of signal candle
TP: Set at 50% of fib level of 2nd bearish reversal candle
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Update - 18 October 2016: - Currently 240 pips in money - Price briefly touches the 1.53 round number area, on 4 October which a bullish reversal candle occurred
Action Plan: - Move SL to entry level - See how 18 October 2016 candle close in reaction to the 1.53 area to determine changes in the intial 1.522 TP
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Update - 19 October 2016: Trade TP at 1.524 with about 360 pips gain :)
Trade closed: target reached
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Update - 19 October 2016: Trade TP at 1.524 with about 360 pips gain :)