SL 162.6
TP1 161.9 (1:~2)
TP2 161.6 (1:~2.5/3)
Optional TP3 ~161.2 (1:~3.5/4)
4/12/18 price action has extended well past its upper true range value and touched overhead resistance + upper weekly true range. Short from here and aim for minimum 1:2 RR. Move SL down to initial position when TP1 hit, then aim for just before next support @ 161.515. If you want to hold some position thinking it will reach its trendline, go ahead.
TP1 161.9 (1:~2)
TP2 161.6 (1:~2.5/3)
Optional TP3 ~161.2 (1:~3.5/4)
4/12/18 price action has extended well past its upper true range value and touched overhead resistance + upper weekly true range. Short from here and aim for minimum 1:2 RR. Move SL down to initial position when TP1 hit, then aim for just before next support @ 161.515. If you want to hold some position thinking it will reach its trendline, go ahead.
Comment:
SL was hit in a spike, there might still be potential for downside. For now, I'm out