The setup idea here is to see 0.80000 round number as a solid support level.
As the EMA75 (orange line ) in the renko chart is continuing shifting upward.
I can assume we can get to 0.8300 or above once the 0.8100 is retest and breakthrough.
Understanding and being picky with your entry level give you a better edge in picking up momentum once your trade is active.
Once we define our direction bias and entry price levels. We can choose to : 1)Directly place pending orders at those levels 2)Place Price Alert Alarm at those levels.
-Duration: To stay as long as I can tolerate and...
I see a double bottom as price is gradually advancing.
see the Renko Chart below, price been advancing in green blocks, now it retrace back to just above the blue ma 13 , I would think is a good reference point to enter the market here.
I see 0.6900 to be the bottom. Thanks to Triump talk, and the unwilling upward strong pressure on Aussie, Kiwi beneift from it. I will choose to seat back and adding more contract on the way along.
Safe trade and good luck :)