I like a long entry here because:
- Price broke above trendline
- Dropped back and retested trendline and held above it
- Triple bottom with slightly higher lows
*IMPORTANT Level to watch: 1.04770 (black dashed line) ~ A further break above this will give higher probability to a move back to the north
*Green dashed line a good initial profit target if that...
Not the cleanest presentation :) but I've noticed there may be a 2nd Head & Shoulders pattern set up here, that could see the price drop back down.
Just going to watch it for now, If there is a break below 0.7880 area, then I will enter short...