, is forming a contraction in volatility
pattern in up trend. The general trend for this pair is up despite the correction phase that facing this pair since 3th of Aug 2020. I believe the speech for Fed Chair Powell will provide good momentum for this pair to break the resistance its facing right now which is 1.1835 and move forward to reach 1.1959.
Applicable setup up for trade is:
Stop loss: 1.1759 which is (0.0075) pips
Profit at : 1.1959 to 1.2 around (0.0125) pips
DO your DD
and trade based in your ideas, this is a though that I saw from reading the chart of this pair.