via previous previous idea. we've been waiting for this setup! patience will pay off! lets wait for a bullish rejection candle off of the 50% or 61%. which ever works in our favor, we will take it! if we can catch a bullish rejection & a engulfing on the 30 timeframe, that would be perfect. if it respects the 50% place your SL below the 61% & if it goes down to the 61% then you would need to place the SL 30-50 pips below that level.