As you can see, on the we have a very nice setup. Recently this pair has hit the bottom. Similar bottom we had in June 2017. From that bottom it has also created a recently which suggests a reversal. Also the current daily green candle engulfs the previous red candle which is an indication of momentum.
Everything adds up to go long on this pair. We should see a strong push up anytime soon. This is a long term trade with tons of pips on offer. I will be placing a tight stop loss and keep the trade for at least couple of weeks. Risk and reward is amazing for this trade.
Let me know your thoughts.
Trade safe and good luck.
I hope you enjoyed as well.