Short on the Euro @ 1.10704 with an initial target of 1.1040. Shows weakness on today's daily inverted hammer close, rejecting the 1.11 level. Drilling down to the shorter time frame of 120 minute, there is additional signs of weakness on the RSI which has re-tested the 40 line. Last, we have a potential double top rejection on the downward channel.
Daily weakness
120 minute weakness
Daily weakness
120 minute weakness
交易結束：目標達成
Initial target reached. Closed trade at 1.10397 +30 pips交易結束：目標達成
additional note: max draw-down on this trade was 21 pips
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