We just caught 1400 plus pips on the sell of this pair (note linked related idea below). I have been waiting patiently for indication of reversal. We just received impulsive bullish movement; note also how price respects trendline and has confluence with 61.8% fib level. TP levels 1 and two are placed at 50% and 61.8% fib extension. Yellow zone is a key demand zone historically. Trade at your own risk and always use proper risk management.
Trade active
Nice bullish candle on the 4H..If not in already, watch for retest. We could still see more consolidation or a push to the downside before this pair takes off.Trade active
Price appears to be rejecting the 200 MA. Protect profits or take profits at will Trade closed manually
I took my profits as per my note above. The 200 MA rejection was enough for me to see a good time to take my profits. I do believe long term we will see higher; however, I will continue to watch price action as a basis for my next position.Note
see how price responded to 200 MA after my update on 2/14. 
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.