Looking for price to retrace bearish until 0.66018 ( 0.5 fib level) before potentially opening up for a bullish continuation. Last week we saw price move very bullish until the 0.66856 zone where price found resistance and looks like its gaining momentum ( retracing) before completing the move at the 0.67779 zone.
Do not rush to enter, always wait for price confirmation a bullish reversal candlestick pattern. If you are more conservative you may wait for price to move bullish then retrace before you enter.
SL - 0.65333 ( At the red line) . I Risk no more than 1% per trade.
Happy Trading!
Trade closed: target reached
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Price reached our take profit target. Price did not retrace to 0.5 fib as the trend was very strong.
Hope you waited for bullish reversal candlestick on 4hr and caught some pips!