A good selling opportunity for EURUSD. A bearish pin bar has formed from the above trendline on both daily and 4hr time frame. And the price has continuously rejected the trendline which has act as resistance. A sell stop is placed at 1.1345 once the current support (1.1360/50) breaks. SL is placed above the the trendline which is 1.1400. Profit target would be 1.1215 which is the next support level on daily time frame.
Trade active:
Sell Stop opened at 1.1345
Trade closed: target reached:
Target reached with 130 pips.