Very good poiint to long this pair 1-Possible Head and Shoulder completion of Right Shoulder level. 2-Short Term ABC pattern (shown on chart in red) 3-Long Term ABC patter (shown on chart in Blue) 3- Price at significant support (purple dahed line on chart) 4-Hammer pattern at higher Timeframes and Thrust at lower Timeframes. 5-Divergence in multiple indicators like RSI,MACD etc. 6-Oil reached a significant Resistance, likely to fall from current point.
Couldn't get better. Low Risk, High Gain position. Place your stops below 1.2950. This is a long term buy folks!