The market found some support at the monthly support level of 109.865, we are expecting a bullish rally to test the descending Trendline which also falls between the 38 and 50 Fibonacci level.
Looking to sell at 100.169 and expecting the market to sell off down to the Daily Support level of 107.367.
A potential 280 Pip movement.
Perfect Entry Point.
SL moved to Break Even.
Expecting some Support around 109.876 before continuing down to our Target TP area.
Currently in profit 96 Pips. SL moved into Profit at 109.540 locking in 64.5 Pips.
Trade closed: stop reached:
SL was hit locked in 64.5 Pip Profit.
Looking to re sell on retest of Trendline.