This pair has consistently printed inverted patterns on the daily (3 so far). The latest has started to form and in addition printed a just before the US long weekend.
Looking over the indicators for confluence on the trade idea, the Slow is printing a crossover on the Weekly chart.
Possibly the only concern over this trade setup is the comparatively low volumes while this pattern has been forming, they are notably lower than the previous reversal on this . With this in mind the safest way to trade this setup would be to wait for either a break of the neckline OR a further candle (such as an candle) with high .
We are now approaching the 'neckline' for this setup, a break of this will turn the picture even more bullish.
Price is now approaching a retest of this neckline, where a rejection would signify a complete bullish overview for the pair and mean bulls will be in complete control.