Factors: Reversal candle off of downward trendline from May. Low risk. Following price action. Market pattern shows a continuation pattern to the upside. Will wait for price action confirm.
In the mean time 1 more bounce down could be possible. Trades are taken on price action not "what I think"
IP Reversal bounce off of Key Weekly Support line of 1.77000 and Monthly S1. Trailing by 2 candles (instead of 1) risking 1%). Price must move past 1.78400 daily resistance to reach key line of 1.82200 (profit target). Orders place, no market entry