After Price finished consolidation between Fiv.Levels 0.382 (1.59406) and 0.618 (1.57439) and moves back above the EMA13 i would suggest to go LONG and open the Position with 1/3 of the normal size according to your money management.
The SL should be placed a few pips below the singlow.
As the PA crosses above the Fib-Level 0 (1.62589) i would suggest to add the remaining 2/3 of your normal positions size.
I would recommend to use a Trailing Stop as new highs and lows are forming. Place the new SL just below the new Swinglows.
The SL should be placed a few pips below the singlow.
As the PA crosses above the Fib-Level 0 (1.62589) i would suggest to add the remaining 2/3 of your normal positions size.
I would recommend to use a Trailing Stop as new highs and lows are forming. Place the new SL just below the new Swinglows.