We are waiting fora "W" to form. Looking to enter on second touch of support zone. Entering long with target profit level of 0.65210 & 0.65310. Using Alligator indicator waiting for green line to cross up. Will use in conjunction with RSI and Stoch oscillators to determine oversold conditions with entry.
ZONES NOT EXACT PRICE POINTS
Entry: (where green line may cross 0.64800 levels)
Target: (1) 0.65210 (2) 0.65310 --- 50+ pips
Stop Loss: previous swing low on 15 min tf -- (0.64640)
ZONES NOT EXACT PRICE POINTS
Entry: (where green line may cross 0.64800 levels)
Target: (1) 0.65210 (2) 0.65310 --- 50+ pips
Stop Loss: previous swing low on 15 min tf -- (0.64640)