Background:
- 2nd bullish reversal candle signal after 27 March at the trendline support and 200MA support.
- The bullish signal candle also closed the gap on the 27 March.
Entry:
- Buy stop set 20 pips above the 2nd bullish reversal candle off trendline support and 200MA support
- Set up triggered on 29 March 2017
SL:
- Set at 38.2 fib level of the 2nd bullish signal candle, which is also slightly below the gap
PT:
- Set at previous swing high @ 1.015
- However could take profit earlier at the blue highlighted area along trendline resistance