This is looking like a very very sweet trade . Using multi timeframe price action analysis we can see and Ascending Purple trendline that has being respected and touched multiple times on the bull run .
Both of our moving average are Green and Sloping up . the 200 sma is far away from the candles showing us strong bulls are dominating the market .
When we drop to the 4hr chart , which is the chart you are currently looking at , we can see in more detail the strength of the trend . Now if we use our fibb retrace tool from the august low , we can the Golden Zone line up beuaitfully with a daily level of structure , a 4hr level of structure the ascending trendline and if the candles pull back to it like i predict they will the 50moving average will be close enough to it to perform a Moving average bounce .
This Green circle is a little sweet spot and we will be entering on this pair once the candles align. We do not want to enter if the candles are closing very very bearish