Technicals:- As you can see we have used the to analysis this currency pair. The downward trend was broken back in September with a retest of 149.60 resistance on multiple occasions since then. A fall back to the short shows support indicating that the downturn could come to an end.
The trade:- We are going to use the previous daily upswing to use a break above this candle for the entry point and a stop loss below the previous swing low on the 25th October. Take profit will be the start of the move down way back in Febuary.
Long Entry :- 146.30
stop loss :- 142.70
take profit :- 156.00