The pair is having difficulties pushing above the resistance at 110.6. It is also losing bullish momentum as it make a Lower High.
SL: 110.75
Entry: 110.6
TP1: 110.25
TP2: 109.9
TP3: 109.25
SL: 110.75
Entry: 110.6
TP1: 110.25
TP2: 109.9
TP3: 109.25
Trade active:
Candle closed as bearish engulfing
Comment:
Wait for retest of 110.25, a rejection will confirm the further downside move. If not close profit at that region.
Trade active:
Moved SL to TP1 and let it run, more downside is possible
