Double Top with an Engulfing candle. The price hasn't reached that price level since 16/12/2014. I have shorted this pair already as soon as I had seen the level and prices moving away from the top. Little did I know that when I wake up the market had closed with an engulfing candle.
Sold at 1.24992 Stop Loss at 1.25612
My initial target is 1.23209 but I will change once the market opens on Monday. We can get to 1.22000 or as low as 1.20800
Trade active
I would say that maybe we will get to 1.23000 hit the trend line . go back to 50% 60% and sell again.
Note
Still holding
Trade closed manually
I closed my position on 1st of March - at 1.22274.
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