This is a probable idea. i have been back testing different pairs and o see this strategy working. after it failed to break the 0.236 level, there was an engulfing at that zone. I am waiting for 0.618 ,0.5 level of that ewngulfing in order to enter. After that, this pair will buy till the fib level of 1.618 of 0.75300 or you can take a profit on 1 level which will...