Sell stop placed at 1.16380 with Take profit at 1.16260 right above a critical support zone and Stop loss placed right above most recent successful resistance level at 1.16500. Based on the hourly timeframe a downtrend seems to be starting. I may have jumped the gun on this trend reversal but time will tell. Jumping in at the pullback.
Trade closed: target reached:
Winner Winner
Comment:
although I was lucky to win this trade... price did eventually go against me because I didnt wait for the trend reversal. Be more patient.