With a D leg completion of the at 1.0785, this area is also on daily which should hold and act as a solid reversal zone.
Taking a Fibonacci of the C to D leg gives us a .382 Target 1 at 1.1016 , which is a perfect area to take of half of our position and move stops to break even.
On the 1h and 4h time frames, we have giving us more confluence to look long.
- Stop Loss below X
- Target 1 at . ( Once Target 1 is achieved, half of position taken off and SL moved to break even )
- Target 2 at .