The currency pair was printing LHs and LLs and therefore observed to be in downtrend. However, the 1H price chart has shown a bounce back from a key resistance (marked on chart as white box) which has already been tested several times in the past alongwith a bullish divergence on RSI. The same indicates a bullish reversal. Moreover, the price on the 1H timeframe is now above the 200EMA adding confirmation to mu bullish bias. The Entry price has been marked on upward break of the previous LH whereas the SL has been marked just below the key resistance and the previous LL. TP has been marked in green with 1:1 RRR.