This engulfing candle isn't real strong but I like that it countered a retest on the previous week. I'll place my stop 130 pips away but I like a sustained move up here.
There is divergence setting up on this pair. It could still track lower, but this is the trendline and flip zones to watch for on the way back up with a couple of trouble zones marked on the chart as well. Worth watching for the breakout on the RSI as well. Needs to come through the MA with some momentum. Might still be a ways off.
