My first analysis, what i have done here is create an downwards trend zone , with some support and resistant lines , am expecting an upwards rally before continuing the downtrend . The aim for me personally is to be patient and make my stop loss as small as possible so my ideal point of entry would be ( 0.74991) with the stop loss at (0.75582) with a take profit of (0.73824) once it reaches near this point i will remove take profit and move the stop loss to the take 50% of profit.....................
I also have two more points of potential reversal.
0.74582
0.74770
But the stop loss stays the same so depends on how big your willing to have your stop loss
I also have two more points of potential reversal.
0.74582
0.74770
But the stop loss stays the same so depends on how big your willing to have your stop loss