This pair is in an uptrend on the daily chart
Chart below:
Has has over the past 2 weeks pulled back allowing long positions to be considered again.
Price has formed a double bottom and has now moved back above the averages and the pivots. Price has also made an immediate higher High.
Chart below:
I am looking for a long entry as detailed below
Levels and chart below:
1st Entry: 1.3065
2nd Entry: 1.3045
Averaged Entry: 1.3055
Stop Loss: 1.3020
1st Target: 1.3230 (5%)
2nd Target: 1.3310 (7.3%)
I will update again if the trade is triggered.
Have a good evening
Regards
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