On daily chart all technical indicator is in over bought position, this situation is also in weekly chart. Illustrating in chart by this way it is very much possible that this pair came down for a correction creating an ABC pattern.
Trade with sl and with proper money management rule if you stay here long time with your capital.
Trade with sl and with proper money management rule if you stay here long time with your capital.
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Remember last weak candle close as a bullish candle. So trend bias is still bullish but may be at the end point.
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My tp target is 1.1350 which is 61.8% level.
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Entry taken.