SL can be 1.20002 if you are confident that the uprise will not break the 200MA. However with the PMI news coming soon, I would set the SL at 1.2023 just to be safe. The daily engulfing candle should support the uprising momentum a bit further till it runs out of gas, which hopefully reaches to my selling price; the last weeks drop formed 3 consecutive days of red candles forming three black crows pattern which indicates a highly likely market reversal hence going downside. However you never knows, market don't follow technical analysis, it's the technical analysis having to follow the market.... GL.
