I had this currency pair on my watch list for this week after analysing the WEEKLY chart, and whilst looking through the DAILY time frame I spotted a potential long trade.
I spotted a pattern I have just started to test out, you have 3 bars involved. In this instance we see a good pullback to previous structure, the first bar looks like a potential low test bar,...
With a low test close testing a support area and the ascending trend line , and rejecting the 0.382 Fibonacci level as well as the 50% retracement line , this a long continuation trade with a preliminary target at the next resistance level. Entry above high of low test bar and stop loss below low of low test bar.