According to our rules a 'C' trade to go short is in place. Place stops at opposite of the Opening Range. see rules for further clarification.
Comment:
Be cautioned with the steepness of the previous bars on this hourly chart, that it is possible a Failed C down trade could occur and the price reversing swiftly.
Trade closed: target reached:
The key support of handle price 1.17000 and the previous key low of 1.16964 proved to be a good area to place the profit target, just above at 1.1701