one more down then up.
we already have inside bar which was broken to the upside so we can buy now for a good reason at the 61.8 retracement of the impuls and after the 1.27 extention of the first corrective move was reached but somehow i think that there is one more little move down likely.
what to do? wait or open a first trade with stopploss below the impulse (below 0.6778-something).
dont risk too much, only 1% of your capital and if you feel this is bringing you nowhere than probably your account is too small, fact.
we already have inside bar which was broken to the upside so we can buy now for a good reason at the 61.8 retracement of the impuls and after the 1.27 extention of the first corrective move was reached but somehow i think that there is one more little move down likely.
what to do? wait or open a first trade with stopploss below the impulse (below 0.6778-something).
dont risk too much, only 1% of your capital and if you feel this is bringing you nowhere than probably your account is too small, fact.
Comment:
looks like one more drop... i somehow expected that.
Comment:
on daily chart there is an inside bar forming. i am monitoring this to get a long entry maybe.
Comment:
opened a buy trade due to inside bar broken to the upside
sl some pips below the inside bar (better below the next candles low) below the big low somewhere at 0.6775
sl some pips below the inside bar (better below the next candles low) below the big low somewhere at 0.6775