The low was set at 0.75000 at W2017_12_03. Bullish trend over next 5 weeks (W2017_12_10, W2017_12_17, W2017_12_24, W2017_12_31, W2018_01_07). Will the trend continue? Yes because it had closed above 0.618 from the previous leg (W2017_09_03 to W2017_12_03)
However, lets take a look closer into how the market actually manipulated. W2017_12_10: The start of bull trend with X tick activity W2017_12_17: Candle body decreased, with ~0.8X tick activity (Normal) W2017_12_24: Candle body increased but 50% of ~0.8x tick activity (Alarm) W2017_12_31: Market reacted abnormal. Candle body decreased but with an increase in ~100% in tick activity from previous week W2018_01_07: The manipulation occurred. ~ candle body size but with an increase in ~133% tick activity from previous week. Bull are getting worried.
Lets see what market profile has shown W2017_12_10: Nice trend profile. POCtrl 0.76600 W2017_12_17: Accumulation occurred at POCtrl 0.76600 but market closed above W2017_12_24: Trend profile. POCtrl 0.77900 W2017_12_31: Balanced market. POCtrl 0.78300 W2018_01_07: POCtrl 0.78600. Closed at selling tail.
My trade: TP at 0.77100-0.77200. Sell stop at market next week. Reward: 0.79000 - 0.77200 = 1800 Risk: 1800*0.45 = 810 (0.79810) Standard account with $88,888 risk 1% = $888 Tick value 1/TICK Lot: (810 tick * 1/TICK) / $888 = 0.91