I added short positions on this pair yesterday at the end of NY. This pair looks like it is ready for some downside movement and we may get that today. I've placed my SL above the previous daily high, in what I feel to be a relatively safe area. Risk is minimal as I am only risking 25 pips. Above and around my entry (0.91800) seems to be a significant resistance zone and I do not expect it to be broken just yet. I'm feeling confident on this one. R:R 1:2.
Comment:
TP1 hit.
Trade closed manually:
Closed second position at 0.91420 to secure just shy of an additional +40 pips.