If you look closely entry was made on the 22nd of June. has been playing out well and perhaps would have taken profit on the 25th June, just before a key zone from 0.71000 to 0.71250 but stayed in as it had not yet touched the Red line (50MA), though the Blue line(200MA) most often is where one should close the trade as this MA signifies a change in direction. Yet we are looking to see a Major Market Maker's play, that being the major confluence to stay in the trade as we see ("W") formation. This signifies a continuation to the upside, as we can see after the 4 red candles there is 1 long green. This week we look to see this trade take profit at (50MA) touch which the set (TP is at 0.71606) and (SL at 0.69003) a 1:2 RRR.
Any entries to catch this move would with suggestion be entered a long position at 0.70500 and accordingly position SL and TP to their liking, idea would be to position TP at 0.71300, and SL as per liked RRR, perhaps 0.70003. This is simply an analysis, all entries as per this Trade Idea should be entered at your own discretionary.