Buy in purple. Trade structured correctly will offer a 3 - 1 risk reward.
There is a wedge forming for USDILS which indicating that the currency will start on a downtrend in around March 2017. I believe that the currency will go down to around 3.72 which was a previous low in April 2016. We can also see a downtrend showing on the RSI and CCI which further supports the ideology that a downtrend is likely to take place.
Hedge Opportunity! Set a long: Entry: 3.8369 TP: 3.9113 SL: 3.7799 Set a Shot: Entry: 3.8369 TP: 3.7486 SL: 3.8877
Tightening range, tight moving averages, recent usd volatility, you know the drill.