Text Book - Support becomes resistance

Text book move, support now becomes resistance.

0.6620 area broken, which now opens the door to further downside. Will add to short position if we can retest the 0.6620 area 200 MA getting in the way at present. SL moved to break even. Targets based on FIB levels.

Trade active

Comment:

RETEST - Adding to short - 0.6620 stop order.

Comment:

Thanks to NFP numbers both stops move to TG1

Comment:

Still hovering between TG1 and TG2 - Stops still remain around TG1 zone.

Comment:

Because of thin markets yesterday I moved stops just below BE. Have moved stops back to just above TG1.

Comment:

TG2 Hit

Comment:

Trade still active, price has reversed just below TG1. Stops remain just above TG1.

Comment:

TG1 Stop reached. Positions closed.

Trade closed: stop reached

Trade active:

Re-entered this at TG1