In the 4hr TF: 1) Bullish kumo breakout 2) Weak TK cross 3) Future kumo has a flat resistance
In the daily TF: 1) The current candle has not closed but it is above the kumo 2) Bullish future kumo with a flat support 3) %K crosses %D from below 4) Current Stochastic value = 63
The market seems to be ranging at the moment and heading towards resistance, pending breakout. TP = 4.6520 SL = 4.2100 Risk to reward ratio is good. The crux is to catch the trend early with minimum pips risked.