Price broke out of bearish channel in the daily and major key level at 0.98750, were price broke out and currently is retesting in the 4H. Moving down the 1H, after the break out of the key level price action shows a double bottom and a bullish engulfing candlestick to continue the trend onto the next set of highs.
Trade closed: stop reached:
Price hit S/L, came into the 50% fib retracement level and continued into our first T/P.
S/L- 0.98580
Overall T/P- 0.99900