The bullish engulfing candlestick had confirmed the end of the retracement together with price rejection at previous support/resistance level. Fibonacci level at 61% thus make me very confident to go in for a long. Pending buy order at 1.5770.
EP: 1.5770
1st TP: 1.5830, 2nd TP: 1.5900 (38% fibo extension)
SL: 1.5730
Trade update: decided to close 50% profit when i am 40pips in the money as H4 TL is still quite strong. Price actually bounced off and formed an inverted hammer in M30.
Trade update: 12am SL hit @ BE.
Profit: 20pips
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