The lack of upside volume and the short term declining trendline suggest a drop back to the daily trend line before a breakout to the upside.
entry 110.10, stop loss 110.50
take profit 109.60
entry 110.10, stop loss 110.50
take profit 109.60
Trade active:
Looks like the break through of the trendline has come earlier than expected we are going to reverse this trade in line with the daily analysis and take a buy above 110.50
Trade active:
Moving stop loss to 110.69 locking in 19 pips
