1. This seems to look like a high probability trade due to higher time frame support where the potential reversal zone is. However, it's against the trend at the end of the day so take this with caution.
2. Take profit areas were calculated using a combination of support and resistance along with .618% fibs at various wave points.
3. If you want a stop loss (usually I trade with no SL), I've set mine to 1.05705, just below the potential reversal zone.
4. My Buy Limit order is set to 1.05808. You can choose to monitor and execute at market when the price reaches this area.
5. Overall, go with what you're comfortable with.
Happy trading!
2. Take profit areas were calculated using a combination of support and resistance along with .618% fibs at various wave points.
3. If you want a stop loss (usually I trade with no SL), I've set mine to 1.05705, just below the potential reversal zone.
4. My Buy Limit order is set to 1.05808. You can choose to monitor and execute at market when the price reaches this area.
5. Overall, go with what you're comfortable with.
Happy trading!