What do you guys think about the following situation? I believe the 38,2% Fib level might actually hold. I’m thinking about going long (demo of course) after some confirmation from the price action that it’s truly reversing. In that case I will place my stop-loss on the previous support at 0,8342 and take profit just below the previous high at 0,8448. Am I doing this right?
ps: Is there any way to enlarge the picture? I unable figure out how.