Its evident that we are in a weekly descending channel and their is a gap to close which was created 2 years ago. Here, the best entry would be to plot 10 ema on a 4 hr chart and wait for price to successfully close above 10 ema and retest for the long to sustain. Please see related ideas to understand my approach on this trade. This trade would be invalidated, if price closes below 1.07500 on a closing basis in weekly chart
