Given the sudden dollar dump at close on Friday, this rally may or may not happen. The ideal point of entry would be on a rally, but if support is crossed with increasing volume that could also be an entry point with a stop inside the trading range.
Order cancelled:
Although it's moving in the right direction, I would be very cautious given how strong the dollar is atm. I would wait for a proper reversal before entering.
Trade active:
Trying a short here, unlikely given the previous move up, but worth the risk.
Trade closed: stop reached:
Stopped out, tiny loss. Will keep an eye on it, the direction is still inconclusive.
Comment:
Should have stayed in the short, it ended up moving in the right direction, but my SL was too tight. I did end up winning 54 pips on a similar trade. NZDCHF