price rebounds strongly after completing the shark pattern (h4)

and now have retest 618 fib. there is still room for price to move up

it reacted well since it formed a bullish engulfing on it. we can aim for higher level, the final target is point D of harmonic bat.

for more safety the stop loss is to be placed much lower than below the bullish engulfing (because of high volatility)

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4h analysis

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daily analysis

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*tp on chart is just an indication, you can have it at 1.20 like at 1.198 like at 1.202 , it all depends on your analysis. personally I opted for a tp at more or less 20 pips of my entry*

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777, glory to God