Another type 3 trade: Consolidation. We're at the bottom of the channel. Good risk:reward.
Entry: .8560 (or anything below)
Stop loss: .8530 (30 pips)
Profit Target: .8620 (60 pips)
7/1 update – we've been in this trade awhile and we're at 50 pip profit, so I'm taking it at this point since it is hit some resistance.