1H chart is trading in a well defined bullish
environment. we have had a nice 1-2-3 bullish pattern
, and now we're looking for our next 3 point. Current price action has formed a wedge
formation, and if that breaks to the upside it would send us long. The key point in this kind of trade is to discard it as soon as the initial point 2 is broken, in this case, our line in the sand is thus: 1.82300. As long as price trades above this level, we're bullish
on the pair and we'll be looking for some price action to send us long in the hopes of getting a bullish
impulse back to the (2) point.