well its a simple case actually, when 1.10520-1.10720 area breaks then that would be a sign of long term trend reversal up to 1.12000, otherwise if it holds the 1.06700 and 1.05200 are still intact. looks like the resistance has been tested again and failed, but we have to wait for monday and tuesday. if the price still dont break 1.10500 area then it would be a textbook trade back to 1.06700. allthough thats according to the technical analysis anyway :P but i'm still short so im hoping it holds XD
actually it is the fifth time price testing these highs. this cypher is large enough for me to take. Stop must be above X, and it's quite a big distance for me to digest. So i would better wait for some kind of double top or tweezer top or a pin bar to use an atr based stoploss.