This pair has been on a nice bullish breakout and barring bad economic data, I'm expecting this run to continue. I am waiting for a drawback to enter a longer term swing. My entry level is based off support on the daily which is where we may drop to on the 4 hour chart. So, I am looking for an entry around .7173 and I'm targeting a previous high of .7515 as a long term target, with .7348 as my first TP level. If I do enter I'll be setting a stop all the way back at the bottom of the cloud and previous support around .6988
If any of my bullish confirmations change then this trade may be invalidated
If any of my bullish confirmations change then this trade may be invalidated