Background: - Bullish momentum obvious with stoch and RSI ranged above 70 - Currently price break above horizontal resistance @ 1.7445 and moving towards next swing low area @ 1.8
Entry: - Enter at market @ 1.7656
SL: - Set below last trading session low @ 1.75185
PT: - Set near next swing low area @ 1.806
Trade active
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Update - 7 May 2017: - Price started off bullishly and now closed the week with a bearish reversal candle - Price has been in an extended overbought status and might suffer from pullbacks and retest of previously broke resistance @ 1.7445 - Will hold on to this trade with view that it will continue the bull run after the pullbacks
Trade active
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Update - 7 May 2017: - Price still in bullish mode but slowed down due to the upcoming MPC bank rate voting. - I will hold on to this trade and let it plays out. The current SL level is reasonable.