The pair has been on a down channel since the beginning of last trading week. We could be seeing some pause here at the completion of the Bullish Butterfly pattern
Pattern Identification
The bullish Butterfly completed around the 0.6910 levels
Trade execution
It would be great if this current candle closes to form a bullish engulfing pattern. At this moment the rice seems to be respecting the PRZ.
Another alternative entry can be to be more patient, wait for the price to break above the resistance TL (blue line) and retest it.