A good time to sell when price hits 147.35 thereabout where there is minor resistance and also the 38.2 fib level. First target at previous swing low which also acts as a support.
Comment:
Price broke out of parallel channel on Daily timeframe so objective is to look for sell opportunities.
Trade active:
Took a long trade with target at resistance area
Trade closed: target reached:
Buy position target hit with +200 pips profit.
Trade active:
Sell limit order triggered with targets as shown in chart above.
Trade closed manually:
+80 pips.
