I expect the exchange rate to rise. An inverse double-wave structure begins to form. Its axis of symmetry (cross point of MA100, MA200). The primary target price is 3.27 usd. (Current fair value rose from $ 3.98 to $ 4.08. The company's perception is improving.) A 150% increase is the second target price.
On the left is trading, on the right is theory. The entry level is around 1,1092. This level is an H1 head-shoulder or an M15 ATR half distance. In my experience, these two signs together are a sufficient condition in daily trading. The target price is H1 MA100,200 crossing points. The target price is 1.1190
Recently broken out of range since 1999 with retest supported at prior resistance
Elliott Wave suggest long to reach blue wave 3 at 8640
Wave count invalid if proposed purple wave 4 in progress breaches 7421
However, you must wait to enter. It is advisable to search for an entry point near 0.2555. A double fractal structure can be built in the exchange rate. The currently visible fractal structure will be double the first fractal structure. Target price for the second deployment structure is 0.66347 usd.
This pair is in an overall downtrend and we may see price re-test the zone i have marked with the grey line to potentially break bearish and make new lows.
Entry - grey line
Stop loss - red line
Take profit - green line
Risk exposure - 1%