If this closes in an engulfing, its a very good reversal signal to go long with the hammer earlier on, ending around the 61.8 @ 1.29448.
My next target will be a 50% move of this down move, which sits at 1.30013. Looking to re-enter around 1.2965.
My next target will be a 50% move of this down move, which sits at 1.30013. Looking to re-enter around 1.2965.
A 1 pip gain is better than a 1 pip loss.