Initial Stop Loss: 1.3450/3480
Initial Profit Target: 1.3310
Reward/Risk Ratio: 1.8/1.0 or 2.4/1.0
Rationale (on 1-hour chart):
Initial Profit Target: 1.3310
Reward/Risk Ratio: 1.8/1.0 or 2.4/1.0
Rationale (on 1-hour chart):
1)
Strong resistance level at 1.3400/3430
2)
Potential bearish pattern – rising wedge in an uptrend
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