So we had a bearish thesis on this pair.This was based on facts we observed. This 1st one was that price was failing to break and close above 11.000 level,so that became a significant level as we had sellers there willing to defend it. The 2nd factor was that price was also skirting around the weekly Kijun which is a strong resistance. We initially got on Friday's close which was slightly below our kijun. We got stopped out as price went up again to 11.000 to get more orders then down again. We reentered after price had gone below the weekly kijun again and put our stop above that. Paid off well:)
R-5.5
R-5.5
