Retracement to the previous years highs.

This is a very clear structure trade. Most explanations are on the chart. Ummmmm, Well what we've had in the pair was a break above the previous years resistance, and now price has retraced to retest the previous years high, which has now been turned to support on clear rejection with buyers starting to accumulate positions at a pretty decent level, thus forming the dragonfly doji (If you don't know what that is then just search up the term in investopedia.com). Multiple confluences, including Daily 100 MA support, Weekly .50 Fibonacci retracement support, along with the previous years high as support all within the same area. Best of luck to all, happy trading. =)

Stops: 1.8400
Target 1: 1.8800
Target 2: 1.9200
Target 3: 1.9550


Notes:

B/A = Break Above