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!

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