Shorted this from .53 down the .48. Waited for reaction and looks like more downside likely. Re shorted again at .48 and looking for .41 eventually. My stops are currently at breakeven as I'm looking to hold profits I secured. But if anyone intends to take a position my RR would be as shown on the chart.
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If this starts closing above .48 then I'll probably try and short around .51
Trade closed: target reached
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Booked this at .42 just shy of the target. Will look to re-short if this finds resistance around .453