It's dangerous but I think it will bring me some profit. As always, confirm my idea with your own analysis. Good luck
Look for buy signals. Your target can be 1.3124 Good luck.
56.000 is my target (I don't trade this pair but I live in Russia so I should know what happens with my country currency.)
1. Now we are at higher time frame supply zone and 0.6 Fibonacci level. 2. Structure analysis and order flow gives us an expectation of a new structure high. But upcoming move was too strong and I am expecting for price to make a small pullback to 0.8637 or 0.8616 3. Bearish regular divergence on Fisher(34) and EFI (13). Prove our expectation.
RSI Divergence + Engulfing candle. Good opportunity to go long.