The price break bearish channel after May 10.
Now, since April 12, we moving up in bullish channel what is good possibility for long trade.
Now price is taking a breath and is going down to retest support between 1.08075 - 1.0787 which is good level to take the long trade.
We have a lot of confluence there. On this level is also 0.618 fibonacci retracement and our trend line of bullish channel.
I'm waiting for good price action signal or just rejected this price level.
R/r = 1:1.94
Enter:1.079
SL:1.062
TP:1.112
Now, since April 12, we moving up in bullish channel what is good possibility for long trade.
Now price is taking a breath and is going down to retest support between 1.08075 - 1.0787 which is good level to take the long trade.
We have a lot of confluence there. On this level is also 0.618 fibonacci retracement and our trend line of bullish channel.
I'm waiting for good price action signal or just rejected this price level.
R/r = 1:1.94
Enter:1.079
SL:1.062
TP:1.112