The details are on the chart. You can see a similar pattern in the price action and RSI that lead to a 1000 pip move. Also, after each final leg there w of the pattern there was a 1000 pip move. They also both almost hit the .786 fib level of the last leg. This time around that coincides with the 200 ema at 1.54. There are multiple reasons I'm long such as, the recent crab pattern, rsi divergence, daily pin barn, trendline break/retest, retail heavy short EUR.
