Buy above 1.1692. Stop loss at 1.1613. Take profit at 1.1850.
Reason for the trading strategy (technically):
Price continues to drop perfectly towards our profit target. We look to buy above major support at 1.1692 (Fibonacci retracement, horizontal overlap support) for a bounce up to at least 1.1850 resistance (Fibonacci extension, horizontal swing high resistance) once again.
RSI (34) sees an ascending support holding price up for a bounce.
Reason for the trading strategy (technically):
Price continues to drop perfectly towards our profit target. We look to buy above major support at 1.1692 (Fibonacci retracement, horizontal overlap support) for a bounce up to at least 1.1850 resistance (Fibonacci extension, horizontal swing high resistance) once again.
RSI (34) sees an ascending support holding price up for a bounce.