After originally holding a short bias on this pair, I took some time away from the charts and come back with a fresh mind. After taking a closer look at the longer term price action and the previous few daily - weekly candles I would see that there was a strong bullish
Here is a chart that speaks for it self. However I am currently taking no positions on any pair.
The market will always present opportunities and for that reason I am choosing to preserve capital and wait for the longer term trends to kick in.