Price held on support at 0.7730 and now looks set to climb higher, possibly to retest 0.8080.
I've entered on a 4hr pinbar .
Price has crossed above daily 50EMA Stoch crossing out of overbought (signifying low swing low is complete) RSI has broken out of oversold. MACD looks likely to do the same.
I got cold feet and closed out this trade before it entered because price kept hitting the 20EMA (D) and dropping. However price did breakthrough the 20EMA as predicted has I been more patient! Lesson learnt hopefully!
Anyway, after some carefully analysis, I decided that there is till upside in this rally and so I've taken another LONG position (E: .7913, SL: 0.7859 TP: 0.7990.