Possible upward movement of the pair. We enter in favor of the still active bullish bounce projection to the 55-period EMA on the 4-hour timeframe, indicated by the Squeeze Momentum and MACD on this timeframe. On the 1 hour chart we see the price in a trading zone with significant volume; the bullish directionality of the movement is presented in the Squeeze Momentum indicator and the MACD histogram, accompanied by the loss of the strength of the previous downward movement. We also see a buy signal on the MACD lines. RSI also with positive slope. I think I could go looking for higher volume areas.
Comment:
Put STOP LOSS at entry price. It has been replaced by a bearish pattern; however, let it run without loss.