We placed this order on Sunday night expecting the market to rally on open, hit our entry and then drop. However marker fell, recovered and rallied back up to the monthly resistance level which triggered our sell order. Expecting a nice run down to daily support level of 107.145 ( 253 Pips ) Could experience some support around 108.958 and 108.328 so will be moving down SL accordingly.
Once the 108.328 has been broken we will look to add to our short position to run down to the original TP line.
Trade active
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Market has moved as expected. Instantly into profit, currently up 70 Pips. Moved SL to break even as approaching first area of expected support.
Trade closed manually
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Found some support on the 23/08/17 at 23:00 as expected at 108.950. Manually closed on the back of a 1hr hammer. +72.7 Pips