Reason for the trading strategy (technically):
Price continues to test our buying area and support. We think that it might be doing a fake breakout now because has not broken below 51% yet. We remain above major support at 0.7312 ( , horizontal overlap support, long term ascending support, price action) for price to continue its push up to at least 0.7436 resistance (major swing high resistance, ).
(55) sees a long term ascending support line since November 2017 hold up our momentum really well. We’re starting to see a possible break of this long term support line but our major support remains at 51% and only a clean break of that level would be a precursor that a drop is coming.