A wise man once said place your buys where other place there stop losses. Most people wouldve placed their stop losses..... after a run of green candles, now we've gone all the way down and even below the prior wick wiping out all the stops of people who went long earlier, we bounce off the psychological round number of 1.125 with a nice hammer candle. Lets see how this turns out. depending on price action my take profit zones are the 3 blue zones, the 2 trend lines and also 1.15.
Trade closed: target reached:
good trade took all profits, perfect rebound of retest trend line