Here is my chart, as I don't trade this pair, this is how I would trade on H4. Just my two cents worth.
Below the 240EMA - Build a Sell Basket
Sell in the Red Zone on each pullback. This Zone is 72EMA or around the Day 10EMA.
This would of given you at present 650 Pips.
Multiple Entry / Single Exit is the Key.
You make money only if you are using the correct money management strategy. Today's market will kill you if you use single entry / single exit on H4 for most traders. Professional traders seek a higher R & R or they wouldn't enter.
Trading the Flow on H4.
The best flow of price action is seen on two time charts - H4 & M5
Really I'm am trading that flow, not EMA's.
