Buy above 1.0590. Stop loss at 1.0450. Take profit at 1.0850.
Reason for the trading strategy:
Price continues to rise perfectly towards our profit target. We remain bullish above 1.0590 support (Fibonacci retracement, recent swing low support) for a push up to 1.0850 (Fibonacci retracement, Fibonacci projection, horizontal overlap resistance).
RSI (34) is seeing a strong ascending support line holding price up.
Stochastic (21,5,3) is seeing a strong ascending support line pushing it up.
Reason for the trading strategy:
Price continues to rise perfectly towards our profit target. We remain bullish above 1.0590 support (Fibonacci retracement, recent swing low support) for a push up to 1.0850 (Fibonacci retracement, Fibonacci projection, horizontal overlap resistance).
RSI (34) is seeing a strong ascending support line holding price up.
Stochastic (21,5,3) is seeing a strong ascending support line pushing it up.
