The price is reaching weekly pivot point at 1.41502 and also forming a double bottom pattern. If it forms and candle above the stated price its an opportunity for a long position with TP at 1.43-1.435.
The price is completing wave 4 up to 1.20840 which is fib level 0.382 of wave 3. Also it is approaching yellow and blue lines which are a powerful resistance levels. Reaching there wait for a red candle to form then sell. TP1.16
The trend is following an (ABC) pattern after series of impulsive waves. It is also getting close to lower channel. We open sell position after it passed the red line. The stop loss would be 1.4677 and the TP is 1.41500
