Price is at channel top, a short here @ 84.45 with stoploss @ 84.70, and targets of 83.80 and 83.20 is a very good risk to reward trade. Furthermore, price is also at strong horizontal resistance level where we can see rejection a couple of times before.
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50+ pips profit! You can reduce your size of your position and continue holding, shift SL to breakeven as always :)
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83.80 hit! +65 pips :) Hold onto a small position for 2nd target
Trade stängt: målet nått:
And we've blast past the 2nd target! That's 125 pips for you!
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Look for a pullback to reenter and target areas shown
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We can see price reached a low of 82.60 and went back up to 83.20, sell limit at 82.20 has been triggered with targets as shown
Trade stängt: målet nått:
81.20 achieved!