ML touch is highly likely for this pair before meeting the support mentioned in the monthly analysis. An interesting point is that the Stoch
has been a very good signal provider throughout the entire price action in 2015, and the inner waves might be traded by crossovers therein. This should hold until the ML is hit. Thus, I am now waiting for a bullish
crossover to occur in the Stoch's oversold zone, after which I will seek long entries in a lower time frame.
After all, with this one, I have 9 pairs in my lower time frame watch list. Let's hope for the best!
I wish everyone a happy trading week!