Reason to trade: Price respected Daily S/R level @1.7224+/-30 pips. Double bottom formed on 4Hr chart. Price broke the previous downtrend resistance @ 1.7325+/-20pips. I will wait for price to retrace to ~50% fib level of the impulse. Entry @1.7311 S/L@1.7159 (152 pips) Risk/Reward: 3.18 Money management: Risk is more than 100 pips. Will invest 0.8% of my capital. Follow me for more updates like these.