Short position 3.0

1 hr support zone rejected ... 1 hr Ema's both acting as resistance ... Trendline respected as resistance.

Bull run is over back to the bears.

Please note - previously when price rejected 1.19277 price dropped to high 1.17 level, I personally think the same will happen again.
Also; there is no support below the 1.19277 zone = price can free fall ...

Only worry I have is 1 hr and 4 hr stoch doesn't support the sell but I am trading off the trend in the price - need to educate myself further on my understanding of the stochastic.

Time will allow this to play out, shall wait and see.

Thanks

RR

交易進行

SL moved to 1.2

RR: 1.03

交易結束：達到停損點

GBP-PiP-Chaser