The most important thing here is the very harmonic
three soldiers formation which stopped losses and let the augur regain some position on market. SL is obvious, TP is based on my personal experience in relation to three soldiers formation. I assume the the huge panic doji
candle created some kind of solid support in 0.20000 area. From mid of March till mid of April this area was tested numerous times with constant rejection. It would be good idea to wait till the pair will reach 0.2000 area again and then enter the market or just enter the market now with suggested SL and TP.
According to W.D. Gann
it is not wise to try to find top or the bottom of the chart because there is high chance that you will fail many times till you will find it. It is always wise to follow trend even you think it will reverse any moment.
... Just keep it in mind and treat this trade as the risky one with current price
... if the price will go between 0.2000 and 0.18000 I would consider this as almost perfect place to enter the market. It is still risky but Risk/Reward ratio will justify the risk.