Dislikedyes i was thinking long,
because it had gone through strong resistance, pulled back and bounced on the now support,
but now you say it, its a 50% fib retracement to resistance of the DOWNTREND!
ok, so is the entry 10 pips below the resistance at 0.8700?Ignored
I'm hoping Chris will come in and clarify (simply) the EG setup, but if not I will later.