UPDATE : STOPPED OUT. I AM NOT TRADING THIS IDEA ANYMORE. BUT WONDERFUL PIN BAR FORMED ON H4 D1. WORTHY OF TRADING. W1 TELLS US THAT THE BULLS ARE STRONG. SO I WILL BE TAKING LONGS ONCE PRICE GIVES ME A GOOD RISK REWARD. I WILL BE LOOKING FORWARD TO THE BREAK BELOW THE INSIDE BAR FOLLOWED BY H4 CLOSING BACK INSIDE THE INSIDE BAR THIS SIGNIFIES BEAR TRAP AND WILL...
While I like the short of this pair much better, price still illustrates that this pair is range bound. Will consider a smaller position size on the long. Confirmation of a continued uptrend will occur on breakout above 1.28500.
LIKE MOST OF THE PAIRS, I'M LOOKING FOR THIS TO FALL A BIT AND RISE, HOPEFULLY IF I GET SIGNALS I CAN GET ALL 3 MOVES. I'LL HAVE TO DETERMINE THE THIRD MOVE AFTER. FOLLOW UPS IN COMMENT!