Looking on the 1D time frame we can see a inverse head and shoulders hinting at price making a burst much higher to our possible fib targets.
going down into the 12HR TF price is trading in a perfect 230 pip box or the right shoulder.Price is currently at a good RR level for buying as we can use support here to buy and also on what may be the bottom of the right shoulder.
Failing a buy here the next point i would like to buy from if support fails and price hits my very tight SL would be a buy @ 0.57250 in a liquidity grab to the down side.
going down into the 12HR TF price is trading in a perfect 230 pip box or the right shoulder.Price is currently at a good RR level for buying as we can use support here to buy and also on what may be the bottom of the right shoulder.
Failing a buy here the next point i would like to buy from if support fails and price hits my very tight SL would be a buy @ 0.57250 in a liquidity grab to the down side.