Plan- 1-WAIT for 4hr close above this support zone. 2-WAIT for next 4hr to retrace 3-WAIT for 30min key candle or even 1hr confirmation that price now wants to go up. 4-Enter buys upon confirmation. remember this 4hr candle can be a fakeout so wait for confirms. 15-20pip stops target- resistance at 1.61314 Move stops into break even and see if you can let the trade run. keep stops just below the wicks of 4hr candles.
i do see this trade going to 1.61960 but ill be more than happy ''if'' i get those 66pips ;)
Trade closed manually
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Stopped out in profit at 45pips, not added to spreadsheet yet
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Added to spreadsheet
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This trade was stunning, i was over ambitious, but good RR with just a 15pip stoploss for 50+pip profit margin.