Background:
- Previously longed at the consolidation support and lost (taken on 22 Feb 201&0
- 2nd bearish reversal candle (shooting star) after testing 10/20 MA resistance
- This could probably serves as an indicator to breakdown of the rectangular consolidation
Entry:
- Sell stop with 20pips below the 2nd bearish candle @ 80.51
- In this point of writing, trade has been triggered
SL:
- Set at 20pips above my entry candle @ 81.7
PT:
- Set near to next swing high area on 9 Nov 2016 and before the 200MA resistance