buy limit order on key resistance / support line with RR of 2:1
Strong upward trend on 1hr/4hr/1d, so bullish
Fib retrace at 38% from higher high to pull back. Used the same Fib retrace level to measure current pull back possibility level, which resides at 1.3000. As 1.3 is key psychological line of being support/resistance line, set up a buy limit on this line.
buy limit Entry of 1.3
stop loss of last low of 50 pip lower.
TP of next possible high of 1.31
trail off profits if possible.
Fib retrace at 38% from higher high to pull back. Used the same Fib retrace level to measure current pull back possibility level, which resides at 1.3000. As 1.3 is key psychological line of being support/resistance line, set up a buy limit on this line.
buy limit Entry of 1.3
stop loss of last low of 50 pip lower.
TP of next possible high of 1.31
trail off profits if possible.
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