I had a quick look at this pair earlier today and decided to add it to my portfolio.
I came back from a swim and price had moved 4-5%.
Price has made a HH and we are now long.
Price has tested the fib levels and the 0.382 has held of the previous swing that occurred at a major level of resistance.
From here price made another leg up or a 2nd wave and now we have tested the 0.618 of this leg up.
I expect another move higher.
We waited for price to prove to us that this was where the Bulls had chosed to enter the market.
We waited for a fib level after the move to enter to mitigate our risk.
Here we are at the point where we enter for the short and the long term play.