We can see the chart to the left is on the weekly time frame just plainly showing the trend. Now we have had a breakout we can see on the daily timeframe a clean re-test and we look to buy now as we have stayed above the mental zone of 1.50000. Nice clean rejection should give us a new move up with a great risk reward ratio. The target lines up with the .50% fib retrace
Comment:
1.05 sorry people typo error