Background: - 2nd bullish reversal candle off the 200MA support region - Seems like it is currently forming the reversed right shoulder of a bullish H&S formation in weekly chart
Entry: - Buy stop set at 20 pips above the 5 May 2017 bullish reversal candle @82.85
SL: - Set at 20 pips below the bullish reversal candle low @ 81
PT: - With the descending channel, the entire channel served as a resistance for this trade - However, PT set based on weekly chart at previous swing high region @ 87