Was originally expecting this pair to fall below 110.958 - action seems to suggest on daily that it's formed enough of a bottom. But it does require the bulls to step in. This is a riskier trade than AU/EU/GU - so tiny parcel here, but I think it's a good time to get in.
112.453 key area to watch (1HR chart)
Trade closed: stop reached:
Watch 111.3, but, I'll wait on NY instead instead...
Back in at 111.398 (SL 111.198). Last hurrah before we nuke this idea.
I blame the initial entry as being too overly optimistic. Lesson learnt. Move on.