Daily TF is broke it's structure to the upside and tested the support @ 1.40. Pair was capped in range due to uncertainty of both the pairs.
As per 4H Pair may still stuck in a range. However, Daily momentum candle on last thursday had confirmed the bullish bias still in tact and pair may have been in stop hunt on Friday.
I suggest further gain on the pair which for me is a BUY, I will buy with a tight stop loss. however alternately, if we break below, 1.4100, we may see 1.40 and strong support be @ 1.39500 which will invalidate the whole setup.
Absolutely!! At the very least I expect price to sweep the 1.40750 level, so I’m going to exercise a little patience while anticipating the bullish run…