DislikedHey Headless,
I passed on this one and I'll explain why.
The question I ask myself is, "Why such a long lower tail?" Why couldn't price stay near those day lows? Well... it bounced off 1.62. If you strike a line right at 1.62, you may find it holds as a very good PPZ... Therefore, the price actually closed Above the PPZ, thus invalidating the setup for me, despite the nice touch of the downward trendline.
Good post Headless.
Just my 2.Ignored

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Trading methods are designed to put the odds in our favor, not predicting.
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Bundy's status today: "Waiting..." 

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Bundy's status today: "Waiting..." 

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Keep taking CT trades, I need more money 

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Keep taking CT trades, I need more money 

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