Trend is Your Friend

Follow the main trend, it's the easy and profitable way. When price reverses after correction, it gives good entry levels and profit targets. Price bounced from Moving Average with period 50 and we have sell signal. Entry 0.8767 and stop order should be placed above 0.8875. Target 1 for short term could be 0.8605, it's near support level and Bollinger Band. Target 2 is around 0.8400, if price breaks 0.8600 and keeps falling.

Trade closed: stop reached