So, the idea worked out and around 200 points of profit are in the pocket :)
What is next?
Turning to the daily chart, we can see that the pair has been trying to break the resistance of 1.69 down but so far unsuccessfully.
I suggest waiting a measure of certainty in the direction of movement and taking action.
If the pair still breaks the level of 1.69 down, it will strive to 1.71 and if the pair bounces off this level, it will move down to the support of 1.667.
This content is for informational purposes only and is not intended to be investing advice.
