I am going to try to flip this trade and rotate it to a long and possibly get 2R. We reached a very strong support zone which has a monthly kijun/tenkan fused as one level. This should give us good buy orders for a retracement of the downturn we had.I will target the daily tenkan.
Entry: 1.05343
SL : 1.05045
TP : 1.05990
R : 2.17
Position size should be half the normal because its a countertrend trade and inherently has more risk.
Entry: 1.05343
SL : 1.05045
TP : 1.05990
R : 2.17
Position size should be half the normal because its a countertrend trade and inherently has more risk.
