Entry Type : Market Buy @ 1.10250 Stop Loss : 1.09900 Take Profit : 1.12500 R/R : 6.43 R/R % : 0.50% / 3.21%
Technical Analysis:
Price Action has double bottomed at 1.1- psychological level which also falls slightly above the 61.8 Fib Level on the short term up trend. Stop loss is placed below the 61.8 Fib and below our 1.1- psychological level with our take profit at the 1.25 key level that coincides with the top of the longer term downtrend and our -27.2 extension from our short term uptrend.
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Have failed to see a proper indication on the smaller time frame that price is ready to move in our favor, there for I have yet to enter the position.