On the daily chart we can clearly see a Higher High is been made. On the 4 hour chart we can see that price finds support @0.683, this could be a nice window of opportunity to get in a quick long trade to 0.691. For beginners who are new to Forex trading this is a nice setup to trade, very low risk if your trade size isn’t too big. You will see this setup unfold within a week.
Just be patient and enjoy the show!
Trade active
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I just entered this trade because I saw a new level of support @0.688
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Trade closed: stop reached
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Support wasn’t strong enough and Price plunged all the way down.