has held the previous structure area of 0.72-0.722. Also, the retest of a broken down trendline
from 9/2016. A bullish engulfing candlestick
was formed on 8/16/17 confirming bullish
momentum, then with a broken counter trendline
, 8/21 ema
crossover and then recently a 4 hour bullish engulfing
pattern. Price is likely to break out from here reaching the previous highs of 0.756 and then eventually 0.77. I am long at 0.73250 with a stop at 0.72980. If we reach our first target we will be getting roughly 9 to 1 risk/reward.