After a confirmed double bottom, the price retraced back to fib 61.8 price level, a doji candlestick with a few long wick candlesticks, it is safer to confirm the stop-loss to be in this level now minus some pips. The trade setup can provide 2:1 R:R for the first target and in the daily chart it can be extended to 0.954 price level which can be trailed using 4H TF.
First the double bottom was confirmed, a retracement back to the fib 61.8 level, a doji candlestick along with a few candlesticks with long wicks to the bottom can be used as a reasonable stop-loss point now. the setup provides 2:1 R:R.
In the daily TF, the second target can be extended to 0.9540 price level and be trailed using 4H TF.
Good luck and green pips.
