We could see a break to the upside, followed by a deeper re-test of monthly Support @ 1.28000, so it is essential we wait for price action confirmation at the trendline/support a Bullish engulfing candle close/significant Pinbar will do.
Tighter SL can be adopted here, if we see a clean push & exhaustion move. ensure SL is below the 61.8% fib on entry if we see a move like the above projection.
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Tighter SL can be adopted here, if we see a clean push & exhaustion move. ensure SL is below the 61.8% fib on entry if we see a move like the above projection.