This looks like a good turnaround to continue the downtrend. There could be resistance at 1.1000. I'll watch this level for a possible earlier profit target.
Trade active
I exited 1/2 my position at 1.1000 to lock in a profit and lowered my stop loss to the break even point. I'll let it ride from here.Trade closed: stop reached
Bounced off the 1.1000 support line and hit my stop-loss. Locked in 0.5R.
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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.