So we can clearly see this pair is currently bearish. It has been for sometime now.
We have also broken out of a daily key level of 0.64973. The only other time this pair has been under this level was March this year when price came down then.
Now, we will leave this alone until one of two things happen. 1) the price continues to fall and we will enter a long position at the level of 0.62280 I cannot see the price coming this far down again in all honesty. 2) price comes back above 0.64973 and we will wait for it to retest this level and then we will enter a long position which should see it also break the current bearish trend. Don't enter until you have some sort of confirmation or plan.
We have also broken out of a daily key level of 0.64973. The only other time this pair has been under this level was March this year when price came down then.
Now, we will leave this alone until one of two things happen. 1) the price continues to fall and we will enter a long position at the level of 0.62280 I cannot see the price coming this far down again in all honesty. 2) price comes back above 0.64973 and we will wait for it to retest this level and then we will enter a long position which should see it also break the current bearish trend. Don't enter until you have some sort of confirmation or plan.