There seems to be strong support at the 1.293 region and we are in seriously oversold conditions. There has been a retest of the 1.293 support with some bullish divergence on the RSI. Looking to target the 1.3 area where the next strong resistance is. The long wick on the candle is showing there is a some bull action which further supports my long.
Comment:
Closed my trade for a total of 34.7pips. It was starting to look like there may have been a double top forming and I feel that my target was a little ambitious. I will carry on watching to see how this plays out.