ABCDE forming in the wedge
For the less aggressive trader wait for the break above resistance and downtrend line for a target of 115 PIPS
Tight Risk to reward
On the Daily timeframe there is a uptrend. Once the counter trend line has been broken on the H4 we look to see a 300 pip move to the upside with the support of the uptrend and 100MA on the Daily timeframe.