Reason for placing the trade: price had previously broken an sending support line, this indicated a move to the downside. we saw some momentum to the downside then a small pull back. the bullish pressure in the pull back quickly got depleted providing more confirmation there would be a move to the downside. I entered in on some momentum to the downside targeting the previous lows. I am now in long as we are above the 200MA and previous price action has shown price react from a strong support, i am going to target the previous highs!