Looking on the daily chart, I notice that price closed with a doji candle right at a demand level and with extreme oversold condition (13) on the RSI. Because of this, I took a long position with target at the weekly supply level beginning at 1.6535.
Seems like the odds are on the bulls side, but we will have to wait until next week to see if this level will hold. If it does, it would be a nice 200 pips profit for next week.
Funny, I was trying to close my gbpcad on fri and it missed my target by 3 pips only to close like this candle