Daily small higher highs on the bottom of a trending line. High resistance since 22nd January. Unless engulfing candle pushes above 1.21880 I see a follow through lower to initially, 1.19650 and then surpassing that 1.16000. Trailing stop practiced if the position goes into profit. Stoploss is above previous lower high 1.22275.
Note
Stop loss was too tight, something I will assess for future trades. Trade has started to go my way, if I wasn't stopped out.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.