The price has dropped perfectly and reached our profit target. We prepare to buy above major support at 0.7794 (Fibonacci extension, horizontal swing low support, bullish divergence) for the bounce to at least 0.7868 resistance (Fibonacci retracement, horizontal overlap resistance).
Stochastic (55,3,1) is seeing major support above 0.8% and we can also see bullish divergence vs price signaling that a reversal is impending.
Buy above 0.7794. Stop loss is at 0.7759. Take profit is at 0.7868.
