Currently the pair is doing a pullback on the 4H timeframe. If we lookdown on the 2H and 1H timeframe, the momentum is OS.
Plan:
- Wait for a reversal to the 1H timeframe with a confirmation (rejection, engulfing). - The volume of the confirmation candle should be greater than preceding candles. - The higher timeframe should make a momentum reversal to the upside. - Trail stop until a bearish momentum reversal.