Taking a scalp long off the double bottom, if it holds then I will plan to sell @ the .764 fib zone.
Comment:
I was stopped out of this trade, but have recently re-entered long
Comment:
I have exited this position as it seems the resistance at 1.348ish is continuing to batter price down. My initial long term position is short on the pair for a solid pullback, however I really did not want to sell at these levels. I have taken a short position with a tight stop at 1.1348, a break of that would send price likely to the 1.14 area. Good Trading