Inside technicals and chart patterns by 
The cable has pulled back to Wave support on the 60 minute chart. Add that to the current mark up trend cycle on that time frame and you have a swing buy set up off the 1.7457 level.
This buy trigger is occuring within an overall (daily) bear market so in essence this is a short term time frame play on a bounce.
The daily chart correction could certainly add up to what I call a “one thing leads to another” set up where the 60 minute buy is exactly what would be needed to play a daily short off resistance (trend follow).
I will upload some video pertaining to this set up later today.
- Raghee