The recent bit of consolidation has allowed some really good harmonic patterns
to appear on this pair. Price is currently bracketed by three harmonic patterns
. I would prefer to get short since it is with the trend and there are two patterns in the same are which creates a confluence of fib ratios. However, if you are a counter trend trader then the butterfly
make look appealing to you. Remember to never take a trade that is not within your trading plan. Good luck!
Red = Butterfly
Green = Cypher
Blue = Gartley