The area represented with the blue rectangle is a good place to buy (range 1.06500 - 1.05500). Stop loss just below the previous low 1.04500 (red line). Take profit 1.08800 and for those who like to hold longer 1.12000 is the second target (green line). A good trade management would be to open 2 positions targeting TP1 and TP2. When TP1 hit, move the 2nd position's SL to break even.
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First target is reached, moved the Stop to breakeven.
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The second target has also reached. Resulting in 230 + 550 = 780 pips gain in total.