Looking this pair in the daily chart we may see that price has bounced from a key zone, having completed a double bottom pattern. In the 4h chart we have a pending reversed head and shoulders pattern which can be traded with two ways.
First we may go long from the level of the left shoulder for a much better risk/reward ratio trade setup. A safer way is to wait for price to break above the neckline of the pattern and watch for any buy setups to complete.
Double Bottom
First we may go long from the level of the left shoulder for a much better risk/reward ratio trade setup. A safer way is to wait for price to break above the neckline of the pattern and watch for any buy setups to complete.
Double Bottom