I would prefer to exercise patience and await a retracement to either the Fibonacci retracement level or the four-hour order block, prior to initiating a long position at 1.07115. This level additionally presents a favorable discount on the four-hour timeframe.
My initial objective would be set at 1.08680, with a secondary target of 1.10300.
My initial objective would be set at 1.08680, with a secondary target of 1.10300.