I agree with your price projection. This is the nearest trade righ now expecting some reaction near the long term resistance, the retracement may be shallow and the targets area ideal. After the trade is opened i will look the price action closely.
Thanks, just one more thing. In your chart above, it shows the resistance as 1.2824, should the pending order be placed at 1.2821/22 zone (please note im trading at MT4 and price varies by 1 or 2 pips) ?
This chart is a draft copy of my real account. I prefer the level 1.61 of the crab (1.2831 on my platform). Then you should ADD add the spread from you broker (lest say 3 pips) = 1.2834.
But i think the level 1.2824 is good for an entry to give the price some space