After the pair broke out to the upside, it came back to test the broken channel.
Now, this breakout represented itself as a completed pattern: the .
Also, the (7) is heavily oversold and comparing this strength with the previous low (close) it tells me that the bears were sold out too soon. Therefore, this could mean a hidden and should indicate that the retracement upwards should continu.
target 1: 0.6640. risk/reward: 1:1.74
target 2: 0.6677
target 3: 0.6737
I set my stoploss at 0.6547, but there is a wick on the 4H I'm paying attention too. Any close below could mean this setup will fail.