Entry: 1.0140
Stop Loss: 1.0165
Take Profit: 1.007
Position size:.5%
Trade: B
Prediction:
dependent on the TBL I think price has struck a service, which it broke, and can now grapple together with all the support turning into a resistance. I've entered what I think is the start of a downtrend.
The Daily and Weekly show a solid downtrend.
The 4 Hour and 1 Hour chart shows the TBL that indies a resistance since price has fallen below it. In the short-term price should fall, but may rally and examine the resistance. If price breaks I'll be stopped outside. My exit stage is the second 4 hour bicycle take profit stage.