After the serious down move which came in two waves I think the pair is in front of correction.
Technically it all points to the same direction so here is our plan for this pair.
Technical Overview:
D1 – double wave down duplicated, down trend line to which we can expect the pair to move (at least to there)
H4 – Bullish Convergence – now we can expect the pair to correct a bit and continue higher
Entry:
Drop to the H1 and look for bullish hidden divergence to be completed which will be our trigger for a buy
Target 1: 0.8270
Target 2: 0.8550
Stop Loss: below 0.8110
