The pair has broken out of the smaller degree corrective structure to the upside, makes sense to buy the pair after a smaller degree consolidation above the broken structure.
The setups posted here are not trade calls and are intended for informative purpose only and I am unable to post everything here on Trading View, if you would like to get all my setups together with exact entries and exits with please visit http://www.thepiphunter.com and subscribe.
You do some good analysis but arrows pointing up on charts without take profits can be very misleading and give the impression price is going all the way. A few people are doing this on tradingview...it can mislead new traders into thinking that there is a big move
Thanks for your comments, I do not post trade calls here with TP and SL as my trading strategy is not based on exactly fixed TP and SL and I simply don't have the time to do such follow up here for each chart I post. These charts are intended to provide a general view of the market according to me and should not be traded without own strategy just because an arrow points the direction.