I entered at 1.5766 just now. My thought process is that we have established a double bottom support level at 1.5725-1.5729 area. My 50 pip trailing stop is safely below this area at 1.5716. If this is the big correction we are all waiting for I will be removed from the trade at a loss. But if this area holds then it is on and upwards.
Feedback appreciated.
-Sean
Feedback appreciated.
-Sean