I missed the first move down. But I am in on the 50% retracement of the prior trend. 0.90132 ( with a massive engulfing candle printed in a zone ). I had a sell limit order at 0.90132. Stop loss at 0.90707.
*** reasons to get in the trade: I had previously placed a sell limit order at 50% and because there was a high probabilistic chance that price would go down again ( resistance ).
Target is at 0.87800 - 0.87520
But if price breaks the trend line in blue we will potentially go to 0.83600
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