The underlying trend on this pair is bullish
, and if you look on the 4H/Daily Time frame, you will see that we are testing previous outside return. Therefore, my rules are met:
Higher Timeframe confirmation
If this ends up being a loser and we make a L3C, then I we would immediately think bearish
and look for a chance to get short.
Please do not hesitate to comment your opinions and questions, and, like always, follow your plan!