Wait for pull back of the trendline break out and wait for signal that rejects either the 0.382 fib and the support in confluence with it, at the same time the rejection of the support zone.
Might just be a build up to just retest the upper trendline - whose first and only target is adviced for 1.63319, wait for the market to come back, then go for a sell to 1.61001 from around the 1.6400 zone
I got my guns on an upside rally. My take is that the price is only coming to retest both the trendline and the resistance-turned-support at 0.67730. once tested and rejected, we can look for the first target at 0.68672, while the second one would be 0.70407. Maybe too optimistic, but, oh well. Stop loss you will set according to your stop placement strategy
I have been having a very beatiful journey learning to trade. i think i am getting the hang of it. my next goal is to be consistent and profitable. but first, my psychology on loss, greed and fear. i think a really good working risk management template on how to draft one would be helpful. Anyone?
