Pair rejected the 1.07630 - 1.0750 level forming a bearish engulfing pattern in conjunction with a bearish RSI divergence. It also broke the latest bullish trend line. Took a short position with first target the 1.0740 - 1.0700 area.
Comment:
Level rejected is 1.07630 - 1.07750. Sorry for the mistake.
Trade closed: stop reached:
Unfortunately I was whipped out. Stop loss was hit. The rationale behind the trade is still valid
Trade active:
Short opened again @ 1.07475