Even though recent action has been bearish
I am still looking at a bullish
case for the pair. I really like this recent bounce off the previous neckline and current candle printed on the 4 hour, in my opinion this is a great chance for a long with wonderful R to R having a stop with a little breathing room under the 4hr candle. I think if anything we can at least test the underside of broken pattern. If you look a littler closer there is also a potential Inverse head and shoulders
building on the larger scale of things. Obviously it does count until it is confirmed but its good to be aware of regardless. Provided this position does not work out I will look to enter off a bounce on the next trendline
down which is longer term and should be good for a scalp at the very least with some of the best R to R you can ask for. The inverse would also still be valid until that area is broken fully.