The pair has broken out of the range to the downside, being rejected at resistance, took the trade out at the first convincing bearish candle, price was also looking bearish as there were many shooting stars created on the 4HR chart on the daily. Fib level also touched 50% and now should be heading downwards.
TP @ 1.62038
SL @ 1.64976
R/R @ 1.51
Trade closed: target reached:
Price went close to TP, went all the way back up into loss, then went back down to hit TP, good trade, managed well.