We have a on 4h chart timeframe which coincides with previous price structure.
1.We a formation which coincides with previous price structure as you can see at the chart.
2.Stochastics are already in oversold zone with a little more space before continue to the upside.
3. is at 30 level which shows that there is still a few space for the downside until we reach an important price level for a pullback.
4.The 200EMA is sloping upwards fact which is favoring the longs plus coincides with the important price level and the formation.
5.If you considered another 20% that it's not yet priced in ahead of F.E.D announcement.
POSSIBLE LONG TRADE
ENTRY PRICE AT 1.3256
STOP LOSS AT 1.31935
FIRST TARGET T1 AT 1.33650
SECOND TARGET AT 1.34325
THANKS FOR SUPPORT!!
KEEP FOLLOWING FOR MORE PROFITS!!