On Friday last week we saw price broke the high of 11th Feb 0.6746 before the sharp drop (Disbelieving Wave). This move as we can see is likely not to make a new low below 0.6544 which stand as the validity point for the long setup.
Anything above the 0.6544 is a chance to long the pair.
We target 0.6746 first before a further push in the pair.
As it stands we want to place our stop just below the 0.6545, a break below this point will invalidate the setup.
GLT and have a pips filled week!
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GLT Trade with care.