I will be looking to execute the buy on the H1 chart. The buy entry will come after two things. First of all i want to see the price going below the level marked on the image – 0.7290 or so.
Next step is to wait for the breakout above the most recent bearish trend line. This is where the buy would come.
Stop loss – below the most recent low.
Target 1 – 0.7360.
Target 2 – 0.7440.
Next step is to wait for the breakout above the most recent bearish trend line. This is where the buy would come.
Stop loss – below the most recent low.
Target 1 – 0.7360.
Target 2 – 0.7440.
