Month Support at the 1.15000 level has currently held although the close of last months candle still shows overall bearish momentum. The Weekly candle which also closed below the key week support level of 1.17150 also confirms bearish activity and will now act as potential resistance. Looking for a fail of the 1.17150 area before entering short.
1.7RR Trade Stop 1.18000 Target 1.15700
Comment
⋅
MOVE STOP DOWN INTO PROFIT. NEW STOP LEVEL 1.17100
Comment
⋅
MOVE STOP DOWN FURTHER INTO PROFIT. NEW STOP LEVEL IS NOW 1.16700