We have some GBP coming with the Dec 7th vote in the UK pertaining to Brexit, but we have nearly a month to tackle this trade.
ENTRY: two things, first get a daily close a above the descending . Also I'd like to see 1.6550 break, then I'll buy pull backs with short term on hourly and 15 minute charts.
TARGET: monthly at 1.7200 at least, I will create symmetry measurements as the move progresses.
STOP LOSS: I will stay in this trade as long as it stays above the descending , otherwise we have to use a 400-500 pip stop loss, that is TOO big for me!