There is a channel bouncing of support of long term trend, previous structure resistance and Some structure. Momentum is has been picking up And stochastics RSI are very oversold.
I will place my open long, stop lose, take profit orders as placed in the screenshot.
But i will wait for some bullish candles. ( doji dragonfly )
TO SEE THE LONG TERM TREND ANS STRUCTURE COMPRESS THIS 4H CHART.
Very simple and applicable.
BTW i bought this at 1.06459, and published the idea a bit before that, should have published this chart with 1H candles, now you cant see exactly that i didn't put this idea up after it had happened, ahh, oh well there will be different ideas you'll see.