The price moves in a horizontal channel formed by 0.15000 and 0.20000 levels. The market is near the bottom border of this channel. If we look at the 4H chart, we can see that the price bounced from the support level
and a bearish
divergence confirm a price reversal. We must be ready to catch a new upward movement. Pending orders for buy should be placed above 0.16200 level. Stop orders must be placed below the support level
. Profit targets are at 0.18000 and 0.20000 resistance levels.