We see a clearly defined, triangle-narrowing movement on this pair as we're respecting both structure and more and more lately. We're heading into a triangle, and price-action seems pretty determined.
IF it continues we could pick up some profit on the way. It might aswell be a trap, with a break to the upside.
I chose to enter, because of above, and we also see a , respecting the , and we ALMOST see a 2618 in the 15 minute chart ( candle did not close below the lowest low of the V point between the ) I did however initially base this setup on the hourly.
Risk to reward is good enough for me. No matter the outcome, it will be interesting to follow - will this pair stay determined on its bouncy narrowing route?