Today's low test bar bounce on the 20 ema
suggests a continuation of trend. Price has rejected and found support at ~1.0937. Price has also sharply risen above 50% retracement
and is looking to close above the 38.2% Fibonacci level. Convergence on the Stochastic
is pleasantly favourable.
entry - above today's low test bar
stop - below today's low test bar
target - at or above previous high (1.272 or 1.618 Fibonacci extension