10,000 Ft View – Daily Chart
Lets zoom in for the trade set-up.
What I like about the set-up is the buyers took out the pivot low in yellow circle. In addition, the 0.6545 level appears to be a level that price likes as indicated by the purple circles.
This trade is a position trade, meaning I’m willing to hang on to the trade for months/years if price moves in my favor as my trade is 500 pips away.
This post is my personal opinion. I’m not a financial advisor, this isn’t financial advise. Do your own research before making investment decisions.