The pair is trading in a range. The pair is consolidating between 111.50 and 103.60 and needs to wait for the Pair to break beyond this level, If the pair breaks on either side, the following are the conditions that must be followed.

If the breakout is on the upside the Pair has to close above 111.50 levels, wait for one candle to close above this level, and if it can close above the mentioned level start buying.

If the RSI is trading above 73 ignore the breakout.

If the breakout is on the downside the Pair has to close below 103.60 levels, wait for one candle to close below the level, and if it can close below the mentioned level start selling.

Rectangle

Dec 20 2023