4H chart is trading inside a wedge
formation. In terms of the overall market structure, we're still in a bull
market, with the ascending trend-line coinciding and serving as support alongside the kumo cloud. However, we've got a cross-back from overbought on the slow stochastic
, as well as some big bearish engulfing
candles in terms of the inner pattern price action. Therefore, Our current assessment is to wait for a breakout higher to go long or a break lower to go short, as we have no major bias on the pair technically speaking.