I am looking at price to retest the 1.1820 zone. A break above that will take us to our weekly resistance at 1.1904. A break above our resistance will confirm the double bottom and we will be headed back to 1.2200 zone.
HOWEVER, we are STILL in a down trend, so a trendline rejection is highly likely.
Entry 1.1766
SL 1.1750
TP: Trailing trade
HOWEVER, we are STILL in a down trend, so a trendline rejection is highly likely.
Entry 1.1766
SL 1.1750
TP: Trailing trade
Trade active:
SL moved to 1.1740 so that we may be below structure on 5m