Rejection of upward momentum at strong resistance 114.2 and beginning of bearish trend
Profit taking levels based on previous resistance:
Low-risk, scalping play - 112.88
High-risk, high reward play - 11.94
Stop-loss: Set at personal risk appetite
Profit taking levels based on previous resistance:
Low-risk, scalping play - 112.88
High-risk, high reward play - 11.94
Stop-loss: Set at personal risk appetite
Trade closed: target reached:
Low-risk profit taking: 35pips profit
Trade closed: target reached:
Easy 130 pips profit for 2nd target.