Setup
Entry: 110
Stoploss: 109.54 (46 pips)
Target 1: 110.7 (1:1.52)
Target 2: 111.13 (1:2.46)
Target 3: 112.44 (1:5.3)
Target 3 is shooting for the a bigger target. The plan is to stop-and-turn and go short with in the area of 112.44. See related idea Cypher short 4H/16H.
Caution
If the stoploss is too big, downsize you positions!