Yesterday morning I was scheduling this trade with an entry price at 0.76200 - S/L > 0.76610 and TP > 0.75650. The truth the trade I forgot to deactivate it in MT4. Anyway last night I opened my laptop and was running. It almost reached my S/L but it didn't happened but so far so good :)
According with my analysis the reasons to be in this trade are:
In Weekly Temp there is a channel very good respected and the price must be reach the support
In the same time frame as you notice the pattern has higher lows and is a key point to make a reversal calculated in TP and then start its bullish trend
In temp H1 the price reached a resistance at 0.76440 approx 3 times. So, this based in this resistance was crucial to keep this trade alive. Fortunately the S/L calculated in MT4 was much higher than 0.76530 (the highst price in this trade) and right now is in profit
According with my analysis the reasons to be in this trade are:
In Weekly Temp there is a channel very good respected and the price must be reach the support
In the same time frame as you notice the pattern has higher lows and is a key point to make a reversal calculated in TP and then start its bullish trend
In temp H1 the price reached a resistance at 0.76440 approx 3 times. So, this based in this resistance was crucial to keep this trade alive. Fortunately the S/L calculated in MT4 was much higher than 0.76530 (the highst price in this trade) and right now is in profit