1. Price near strong support. 2. Price near fibonacci 0.382. 3. Engulfing has been made in the daily time frame.
So this what i'm thinking.
I'm going LONG in this pair. Entry : Around 1.16500 Stop loss : Around 1.15500 Take Profit 1 : Around 1.17600 Take Profit 2 : Around 1.18500 Take Profit 3 : Around 1.20000
PLEASE TAKE PROFIT AS LONG AS YOU WANT. TAKE CARE EQUITY, THERE IS NO REASON TO RISK CAPITAL.