After the sharp price break at the 1.06610 support line, price rallying down to the next support line at 1.06000. A close below the 61.8 fibo retracement may mean further rally at the new support, whereas a close may mean early reversal to the upside. If this crash close below the 61.8 i'll likely wait until the new support line is tested, if not i'm buying into the trade after 2 full candlesticks close above the 61.8 (bullish candles). TP - 1.08000. SL - 1.06000. New support SL - 1.05780. Thoughts accepted.
Comments
Uce
⋅
Wow S.L almost reached at 1.06000. Let's see how this plays out.
Uce
⋅
I might have taken a risky entry, if you want to be safer. Wait for this present candle to close above the 61.8
Uce
⋅
Entry taken after close of Doji candlestick. Buy trade at 1.06290