The yellow bar represents the 50 and 61.8 fibonacci levels based on the first bullish move after the drop. Price printed a pin bar pinning both these levels, also note the trend line remains unchallenged.
I have bought at market price 0.99466 and
# placed my stop just below the trend line and previous low @ 0.98876 and
# my take profit is below the resistance level higher up @ 1.00496
Don't bet the farm and never invest what you can't afford to lose.
For full details on trade management join me in Forex Bootcamp using the Telegram link below
I have bought at market price 0.99466 and
# placed my stop just below the trend line and previous low @ 0.98876 and
# my take profit is below the resistance level higher up @ 1.00496
Don't bet the farm and never invest what you can't afford to lose.
For full details on trade management join me in Forex Bootcamp using the Telegram link below