The pair is at the bottom of the 21 month old corrective structure and this may well be the last lag of structure giving an opportunity to go long from here, the possibility of a break above the corrective structure to start another impulse upwards is very much in the table provided that we continue to go up and avoid a break down of the structure.
Comment: If we get a break above then I would be looking for a buy setup but please don't make entries based on one price movement, always wait for confirmation before jumping in. Till now there is no confirmation of a break to the downside to me nor a bounce but I am expecting it soon. Let's see.
Comment: this what we had been looking for
Comment: update: we have a breakout to the upside