This isn't a perfect setup, but i will trty it anyway. The daily candle is now closing above the 1.55547 level which has been acting as major resistance. The pair has previously been rejected a numbered of times and the last week created a small consolidation.
As always, keep it simple!
- Above 200 SMA
on the daily and weekly
- Daily candle broke the major resistance.
My TP and SL are approximation.
I will wait until the candle closes before i place the trade.