This pair has been trending up since mid February.
Price has retraced 61.8% of the previous up move and has found support at 1.5260.
Chart below
Price has held 1.5260 and formed a triple bottom.
Price has now broken back up through the averages and a good opportunity to get long with the trend is setting up.
I am looking to go long when the stochastic is oversold and on a pull back to the averages, pivot points and fib level
Entry levels and chart below.
Entry: 1.5350
Stop: 1.5315
Target: 1.5525.
I will update once the trade is triggered.
Regards
Scott
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