On a 1 hour time frame, market has been in range for more than a month. The top resistance line has been tested more often than the bottom support which indicates that market may likely continue it's bullish movement. Recent chart shows a double bottom at SR line 1.64155 and a downtrend parallel channel has been broken. I choose to take a long if price hits SR line 1.64949 and my take profit will be 1.64155. If price comes back to SR line 1.64189, the trade idea will be invalid.
Trade closed: stop reached:
The trade idea was invalid