I took this trade around 1.1782 as I felt it is a sort of support area. But it broke that level and went as far as 1.1764, very close to my stop loss level of 1.1760. It did not go down any further and crept up toward 1.1790 zone. I trailed the stop loss to 1.1787 as I felt market may move higher from here. It tested the new stop loss a couple of times and then triggered it and then went down. I always prefer to trail my stop loss when the market gives me a 10 pips or more profit. My idea is to lock into a profit and then move along with the market into a higher profit area.

I used moving averages, stochastics, CCI and MACD to decide if my assessment is correct about the likely move of the market.
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