From the monthly time frame we see this pair in a clear down trend. Therefore I would take only short trades on this one. Looking to go short when oversold, clear break of counter trend and maybe a high uturn candlestick pattern. Perhaps around 1.4440
Profit target would be weekly pivot at 1.4268
stop loss 15 pips above high of uturn at 1.4459
Reward: 170 pips
Profit target would be weekly pivot at 1.4268
stop loss 15 pips above high of uturn at 1.4459
Reward: 170 pips
Comment:
Trade was good for 100 pips!