Buy above 0.7892. Stop loss at 0.7863. Take profit at 0.7943.
Reason for the trading strategy (technically):
Price has dropped absolutely perfectly from our selling entry and reached our profit target. We prepare to buy above major support at 0.7892 (Fibonacci retracement, horizontal swing low support, Fibonacci extension, ascending support) for a push up to at least 0.7943 resistance (Fibonacci retracement, horizontal pullback resistance).
Stochastic (34,5,3) is seeing strong support at 7% where it is starting to bounce nicely off.
Reason for the trading strategy (technically):
Price has dropped absolutely perfectly from our selling entry and reached our profit target. We prepare to buy above major support at 0.7892 (Fibonacci retracement, horizontal swing low support, Fibonacci extension, ascending support) for a push up to at least 0.7943 resistance (Fibonacci retracement, horizontal pullback resistance).
Stochastic (34,5,3) is seeing strong support at 7% where it is starting to bounce nicely off.