Price action currently broke out of the ichimoku cloud
and trend line
, and so a retracement may occur. the plan here is to wait for a retracement to one of the key levels and look for a bounce at these levels. By looking at the D1 chart, we can also see that price is above the ichimoku cloud
as well, indicating a bullish trend
overall. There is good support for this pair as well. Limits are illustrated on the chart.