The daily chart shows that the pair is oversold based upon the stochastics as seen on the chart to the right. (click on the chart to enlarge it to see an explanation). This is on a daily chart so the potential for a big profit is great, but the time frame for profit may take 2 to 3 months. This will be a big patience game.
The second reason why I chose to enter near 1.5000 was the fact that the daily chart is in the oversold area as well as the 4 hour chart as noted by clicking on this chart. 
So my first attempt at stage five was a failure. 1 win and 3 losses. Not good.
Starting all over again in stage 5 and hopefully more successful.
The daily chart shows that the pair is oversold based upon the stochastics as seen on the chart to the right. (click on the chart to enlarge it to see an explanation). This is on a daily chart so the potential for a big profit is great, but the time frame for profit may take 2 to 3 months. This will be a big patience game.
The second reason why I chose to enter near 1.5000 was the fact that the daily chart is in the oversold area as well as the 4 hour chart as noted by clicking on this chart. 
