I like the action off the bottom to signal that wave 2 is potentially over and a large rally phase is getting underway. This pair is significantly oversold so at least a short term pop is due. Either way, I just want a piece of the rally. I'm going to attempt a long here. If it doesn't work out, I will retry again when another long signal arises. Here is my setup:
Long now at 1.4835
Profit Target 1.5030
Stop Loss 1.4685
PLEASE NOTE: THIS IS JUST AN ANALYSIS BLOG AND IN NO WAY GUARANTEES OR IMPLIES ANY PROFIT OR GAIN. THE DATA HERE IS MERELY AN EXPRESSED OPINION. TRADE AT YOUR OWN RISK.