Technically the pair has all the reason to continue north. Weekly and Daily charts are under bullish pressure due to the divergences forming. On the daily chart we also have false break which is extra confirmation. So i think buying dips is the correct thing to do for this pair. Main plan is to look for double wave correction on the intra-day charts like M30, ideally with bullish hidden divergence to form.
Technical Overview:
W1 Bullish divergence forming
D1 Bullish divergence along with false break
Entry:
M30 – Look for double wave correction and go long once the correction is completed.
Target 1: 1.4790
Target 2: 1.4860
Stop Loss: below 1.46
Video Explanation
