Using the elliot wave theory, I envisioned the future price movement for this pair. As a conservative trader I will wait for a complete breakout of the resistance line(zone) to make the new wave 1 and wait for retest which is the new wave 2. Then we can go bullish on this trade. Entry will be 0.65873 and possible exit will be 0.7000.
price is moving in an upward channel and is approaching the resistance trendline. ABCD pattern was identified. Once reversal candlestick is formed, D will be our entry point which is 70.875 and possible exit is 69.533.
Did multi timeframe analysis for this pair. Initially its overall trend is downward on monthly TF until it started decelerating to the upside. lets wait to see candlestick close below the short term upward trendline and we sell. Entry at 0.97148 and possible exit at 0.96138