My thoughts are that this pair is going to 50.00% and 61.80% Fib levels.
Stop Loss is 26pips
Take profit is 725pips
This trade is a Swing Trade and it will take time so we have to be patient.
It may hit our stop loss but the same thing can happen when it touch the Monthly Level @ 1.63000 and go all the way up.
I will keep an eye if this happens.
Always use RR please.