A . We can get a long trade if the price close above strong resistance channel at 5.8600 To: TP1: 5.9500 TP2 : 6.2000 stop lose : 5.7800 B. If the price breakdown upward channel we can get short trade or wait for new long trades from 5.64500 and 5.5100 with small stop lose This is not an investment recommendation or any call to buy or sell It is just an analysis based on a study of the history of price action Behavior , that may not be a necessarily reason for the success of the structure or repetition. So please make your decision based on your vision .
To protect capital and manage your deals and trading successfully the maximum loss in each transaction for the same currency or commodity in the same direction should not exceed ( 2% ) of the capital . Good luck
@Golden_Spiral, I am not so good at Forex but it is my home town currency right? I can not stay away from it :D :D
Btw, I really like your prediction! Agree with it.