I am looking for it break the LOWS where I have my arrows. I am expecting a break and retest of this area. Personally I have a SELL STOP in place which is riskier. It would be safer if you wait for the break and the retest. SELL STOP AT 0.68131 12.5 PIP STOPLOSS 25 PIP TAKE PROFIT. 1:2 RISK TO REWARD. Feedback would be appreciated. Check out my YouTube PAPICHULONOE.
Trade closed: stop reached:
I didn't take it because the market open. I had cancelled my order. Overall idea was correct. If it was any trading day other than market open I would have taken it.