Measure move down starting at the top of the trend (first leg). Prior pennant inside movement.
Corrective fase and we enter the trade as soon momentum bring movement downwards again.
Second leg starts after correction fase. Lenght use to be almost 80% of the first one, so we project that measure down from the end of the correction phase and establish TP2.
For TP1, we take 50% of the movement
SL 50 pips above entry point, above a 4h doji.
MA and EMA's confirm the downtrend.
Primary trend is downtrend also. We trade with the mayor trend
Trade fechado: stop atingido
Nota
Should have seen there was a prior support (pivot point) @107.122
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