I was monitoring the pair. When I saw the last corrective move down towards the 30 sma, I drew a fib level from lowest swing to the highest point of the swing.
At 50% fib level price action has shown two candlestick, one hammer and another is spinning top. 30 SMA was just below the two candle I mentioned in an upward direction. The buy triggered just after the completion of confirmation candle. It gave me a nice & successful 1:2 risk to reward ratio trade.
Happy trading.
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