Simple and objective.
Price is reaching between 50% and 61% of the previous move upward.
Support at 1.21700 +-
Price is approaching to the .
Overall move is up.
buy order placed at 1.21730
stop loss at 1.21370
If price breaks the we will be going to at around 1.20880.
*** This is only for my records. ***
Price didn't reach my 61% retracement.
This trade could have been an amazing trade I had risked 36 pips and could have profited at least 300 pips.