With the appearance of Stochastic and RSI bearish divergence on the chart this pair is a bit of a hit-and-miss. However, since price action made a low test bar finding support at ~2.0200 and the rising trendline, and also rejecting the 20 ema there is a possibility of a bullish continuation to rejoin the up trend.
entry - above high of low test bar
stop loss - below low of low test bar
target - at/above previous high
entry - above high of low test bar
stop loss - below low of low test bar
target - at/above previous high
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.