Looking at the daily chart there have been two strong rejections. On to the 4H, there was a break of an ascending trend line, retest, then break of the corrective structure.
Could see a retest of this new trend line, which is why stops are placed back within the corrective structure.
Targeting the equal lows shown.
Could see a retest of this new trend line, which is why stops are placed back within the corrective structure.
Targeting the equal lows shown.
Comment:
I took some profit at the equal lows at 1.652 and moved stops into profit. Stops were then hit on this retrace.