This pair is currently in consolidation on a higher time frame and this is when we usually see these advanced
patterns. Here we have a potential bullish cypher
that will complete just above a major support structure, hence, presenting us with a very good opportunity to go long. The pair came crashing down on friday after the NFP news and i would expect a sideways correction from this current level before we see another bearish
move which will hopefully push into our reversal zone where i will also be paying close attention to the rsi
and will be hoping to see some oversold conditions or even a bearish
divergence which will give me a major confirmation to execute the trade.
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