Just a respected area in the past, let's see if we can get a bounce out of this. If not, planning a hedge to the lower zone and take another entry there.
Planning the trade, trading the plan.
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Well, here we are sitting in a hedge. I price can pull back up to the .6050 area and reject, then we can close the buy and wait for price to fall to the 0.59 zone. What do you think? Sounds like a plan to me!