We have a clear uptrend present where price has formed higher highs and higher lows. Price has now returned to a level of resistance and is showing signs of a potential bullish run. We would like to see a price action reversal pattern form to confirm a bullish move and a break past the previous high to trigger a buy entry.
Pair looks good for a buy in the long run.
However, since it is a higher time frame, the trade could take 12-32 hours to see price hit take profit.
Once the price is 20-30 pips in profit, move SL into profit for a risk-free trade.
Enter on the m15-m30 chart based on:
- price action
- support - resistance
- pullbacks
