Enter position if the price closes above the 1.035 with TP1 @1.08 and TP2@ 1.135. Support is 0.95 and next support is 0.895.
However, despite is a Japanese reversal , the STO indicator stills shows the weakness momentum to continue until it reaches oversold area. If the price breaches below than the , the next support will be 0.895 which coincides with 50-day . If it is decided to stay aside from the above strategy, then make an entry at this stage in which monitor the reversal candle couple with K% crosses D% and both cross above the oversold area.
Note: This trading idea is for educational purpose only and not to be construed as a buy call. The mantra of TAYOR and caveat emptor shall apply.