DislikedI'm long at 1.4200.
Price fell to 4200, the nearest round number closest to the 50% fib that I have drawn.
When it retraced back up after going through it I entered long. Time will tell. Hope I've got the strategy right.Ignored
Nice entry - 14200 is a round number and albeit the major TL (Jacko parameters) is lower (on my feed 1.4130'ish) the price was hovering in that area for the last 16 hours - finally going back down within 7 pips of the minor TL (as I define them) which was created when price broke south yesterday - ( LL of 17 Aug to LL 1 Sep).
If in doubt bring up your SL to BE or cover some pips and then just wait (TSL?) - I have the upper TL at 1.4360'ish - but we need to see if the bulls will have the strength to take it up there.
In anycase as I see it you're about 50 pips better off than when you entered.
Cheers
Nihil inimicus quam sibi ipse Marcus Tullius Cicero