I always look at the chart from the big picture. On monthly, I see a bullish divergence and price could surge higher, but does not mean we are going to be in an uptrend until we can break that down trend line and stand above it. If this pair go higher, the point where 2 lines intersected (around 1.2) would be the place i would watch. It cannot clear that point, i would go short to ride the trend lower.
2 weeks ago i saw the price broke up the falling wedge, retest, and now are making it way up.
on 4H, price broke the ascending triangle and came back to retest the support on Friday close.
There is a bullish divergence on 1HR RSI and whether this will play our or not, I'm happy to go long with
SL under 1.145 with the
target of 1.162-3.
