The daily directional bias is in a downtrend. Price has not broken the inner trend line on this time frame yet. Target for TP is the 38.2% daily fib level. Long-term, price headed back up to 1.99012, 61.8% fib level for the monthly down AB boundary. To reach my TP, down trend line on 1 hour will need to be broken, price will need to bounce off of the backside and continue to rise. I am taking profit at the 38.2% fib level for a total of 224.7 PIPS.
Trade closed: stop reached