I see potential entry spots around the blue arrow. Multiple strong levels of support represented by the blue lines. The yellow lines are lines from the fibonacci making those areas much more stronger to see a bounce from price. Bullish trendily adds an additional confirmation for a move to the upside. The daily chart is in buyers market. The RSI and stochastic show over sold area adding more reasons to buy.. Looking to long this pair.
Comment:
Potential of small profit gain if trade was taken. If large profit targets were set, price would have hit stoploss. If trade as taken on the 1hr chart there was potential for profits. Entries and take profits were key to this setup.