After the initial leg up the pair is now contracting into a triangle. However price is breaking below the last low and I believe we will see a double wave down before continuation. This would be perfect as there is a great support zone waiting for the price 100 or so pips lower.
If price reaches the buy zone (yellow box) look for divergence to form and go long or alternatively wait for a breakout above the trend line that will be created.
If price reaches the buy zone (yellow box) look for divergence to form and go long or alternatively wait for a breakout above the trend line that will be created.
