I AM LONG THIS PAIR IF PRICE BREAKS AND CLOSE ABOVE 0.86755 LEVEL. I WILL HUNT FOR BULLISH SETUPS AT LOWER TIME FRAME FOR LONG EXECUTION. I WILL MANAGE MY TRADE EITHER BY TRAILING STOPS OR CUTTING POSITION SIZE . THE IDEA IS TO SIT ON THE TRADE AS LONG AS THE MARKET WILL PROVIDE THE OPPORTUNITY.
Commento:
March 11th bearish candle, I suspect its smart money pushing the market lower to run stops on weak longs ( obvious area of support- most likely cluster of stops were resting). The same participants who moved the price lower will most likely reload position to bid price higher. The market will run for stops at the other extreme.