this pair has made an impulsive move to the upside on the 4 hour chart. the counter trendline has also been broken so we are looking to go long on a retest of the countertrendline and structure for a 3 to 1 risk reward
we have had a daily impulsive move to the upside , following a correction. i think the correction has ended by the bullish move on the 4 hour chart. we now need a correction on the 4 hour chart to the 50 percent fibbonachi and structure to be able to enter long for a 3 to 1 risk to reward trade