See the candles closed above 26 EMA. This could be a clear breakout and buying this pair at this moment can bring a profit. Trend indicators have already waved the signal that this pair can pullback to 74.725 level. In am in this trade.
ON THE DAILY CHART WE HAVE PRICE BREAKING OUT FROM THE SUPPORT TREND LINE.
WAIT FOR PRICE TO RETRACE BACK TO 73.249 AND SELL FROM THERE.
STOPS LOSS AT THE 75.871 LEVEL.
FIRST PROFIT TARGET IS 72.216.
SECOND PROFIT TARGET IS 67.980.
The price finding support area at 74.20. Bullish as long as support area remains intact. As intraday trading strategy. we must get bullish signal confirmed by trading above 74.64 with potential target at 75.20-75.45.