Anyway, I actually would prefer to move my stops to below the .382 level you see below and see if it bounces from there but in keeping with my trading rules (very important to do that!), I will not move stops and just close this trade and watch for another chance to get LONG. Now that it's broken this minor structure, I'll be watching for a bounce off that .382 or if failing that, wait for prices to get to that MAJOR SR Structure and see what happens. Either way, I'm expecting some kind of retrace of this down trend soon.
2018 Guide TO Forex Markets Coming Soon! Want it? Sign up to mailing list: http://bit.ly/2iNieEY