Magnet of .618 Fib Might Stop Out A Bottom Testing Bat ???
And the Big Figure 1.0600 is right on the fib ~~~~~~
For more pull to the downside.
So where to put the stops ?
The 1.13 of X to A as on the chart or
below the .618 Fib ?
I hope the candlesticks really put on a show
or I'll probably not take the trade unless it hits 1.0600
If this one does not reverse immediately at point D
I can see it easily drop below X - stop out and reverse.
For more pull to the downside.
So where to put the stops ?
The 1.13 of X to A as on the chart or
below the .618 Fib ?
I hope the candlesticks really put on a show
or I'll probably not take the trade unless it hits 1.0600
If this one does not reverse immediately at point D
I can see it easily drop below X - stop out and reverse.