Nice BUY setup if 1.63600 holds as support.
1.5 R (SL 22 pips)
Waiting for clear price action (multiple wick rejections, pin bar, engulfing candlestick, etc)
The alternative scenario however on the same bullish bias would be if the price doesn't respect the 1.63600 level, and hangs around 1.6300/200.. I think BUYS would probably stand valid from there - of course, depending on how price action develops at 1.6300/200 zone.
I think both setups could provide a 1:5 R
1.5 R (SL 22 pips)
Waiting for clear price action (multiple wick rejections, pin bar, engulfing candlestick, etc)
The alternative scenario however on the same bullish bias would be if the price doesn't respect the 1.63600 level, and hangs around 1.6300/200.. I think BUYS would probably stand valid from there - of course, depending on how price action develops at 1.6300/200 zone.
I think both setups could provide a 1:5 R
