Recap: Our short was triggered at 1.2495 on the support break yesterday and stayed open, barely!, as the entry candle closed just below our entry price - avoiding the automatic false break that closes out our swing positions.
That trade pretty quickly jumped 25 pips into the profit and has slowly drifted against us, currently sitting at a -20 pip loss. We are going to close out here, for that 20 pip loss and once again look to re-enter on a support break.
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Trading Idea: We are still bearish on the pair and will look to re-enter short on a support break with targets at 20/20/25/25 for 90 pips profit.