Month Support at the 1.15000 level has currently held although the close of last months candle still shows overall bearish momentum. The Weekly candle which also closed below the key week support level of 1.17150 also confirms bearish activity and will now act as potential resistance. Looking for a fail of the 1.17150 area before entering short.
MOVE STOP DOWN INTO PROFIT. NEW STOP LEVEL 1.17100
MOVE STOP DOWN FURTHER INTO PROFIT. NEW STOP LEVEL IS NOW 1.16700
CLOSE 90% OF POSITION
Trade closed: stop reached:
LAST 10% OF POSITION STOPPED OUT