Recap: Our short was entered yesterday on the support break (PRO emails sent out at 3155) and all of our targets were rather quickly for 90 pips profit. Around the time the first news event was scheduled to come out (12:30 UTC) we tightened our SL very close to market price to lock in profit - luckily price continued to fall without retracement toward our TP targets.

width=585

Trading Idea: Short-term and medium-term trends are bearish since the double-top formed in late February. However for our swing trading we are tracking an aggressive falling resistance and will look to get long on a resistance break with targets at 20/20/25/25 for 90 pips profit.

Happy Pipping!