Why are we entering? - Expecting JPY Weakness & EUR Strength - Price is approaching a structure level & 1.38 fibonacci level - We are at the end of our ABC correction
What are we waiting for to happen? - rejection of structure level & fibonacci level - break of WFB trendline / RISK trendline
Entry SAFE Entry: Rejection of structure level & fibonacci level with a break of RISK/WFB Risk Entry 1: Rejection of structure level & fibonacci level Risk Entry 2: Break of WFB/RISK trendline
Once entered, where will our Stoploss be? -Below the 1.38 fibonacci (above 135.1) 30 pips - Move SL to BE after running 30 pips
Where do we take profits? - Secure profit multiple times along the way (30 pips, 60 pips, 120 pips, 200 pips) - First TP : - Previous high 144.1 (870pips) - Final TP -0.618 fibonacci : 148 (1250pips)