As I posted before, this would be a good short opportunity, my sell limit was triggered today 0.6835 (I was updating everyday to coincide with the trendline level at daily chart )
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Moving stop loss to break even, will let a free risk trade run ;) We need to see the price action around this daily lower channel.
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Today my bear view was reinforced by lower channel breakout. If price also break 0.65, I believe price will reach around 0.62-0.63
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0.643 very strong resistance, if it breaks this level, very likely to go to 0.62-0.63, if not, we can see a pullback and second chance to enter the trade.
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I mean, support, not resistance.
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Nice profit, 400 pip, a good 4:1 RR. I think it has more room to fall, but its enough for me right now. If there is another setup to short I should take :)
