Stopped out on the previous two trades. Going in again because downside potential is strong. Tight stop loss, big reward.
Double Trendline retest, 78.6% Fib.
Great risk/reward - 4.62/1
Double Trendline retest, 78.6% Fib.
Great risk/reward - 4.62/1
Trade closed: stop reached:
Stop loss hit. Downside momentum still looks strong. May consider re-entering at 0.71750 with the same target in mind.