In an ideal world, the bulls will push up and retest the trend line &/or 1.17899 resistance then begin a reversed movement towards the 1.16905 support level and I will look to enter short at around 1.17897. At the moment I cannot confirm where my stop loss will be placed as it all really depends on where the reversal begins (If my analysis is correct). If the market retests support first, then this move could potentially be a buy but I will anticipate any movement and execute accordingly. KEEP POSTED!
Trade active:
As you can see, the market broke through our resistance and trend line but did not manager to stay above them both, we entered short at 1.17878 and current riding the wave down. SL is just above previous highs and first TP target is previous structure 1.17568 ish.