Simple AB=CD retracement, buying almost the level which is also below the previous week's lows hence a level where a lot of people will place their stops.
As for trade management, I might close half and leave a runner either at the previous highs or use the Fibonacci extensions for a target.
As for trade management, I might close half and leave a runner either at the previous highs or use the Fibonacci extensions for a target.
Trade active:
Opportunity to close half at 1 to 1 and protect the remaining runner if you were using a number around the ATR as a SL.