With price failed to close above 1.5650 resulting a bearish engulfing candle concluded that the bull steam is over. I zoom into M30 and saw price had already broken the closing wedge and thus i placed a pending sell order at 1.5560. Within miniute, it got triggered.
EP: 1.5560
1st TP: 1.5520, 2nd TP: 1.5420 (38% fibonacci extention)
SL: 1.5600
Trade update, 10.32am: 50% closed at 1st TP. SL hit at BE.
Profit: 20pips
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