Based on the trend formation on that this pair has been on, It has broken the monthly consolidation level and trend line, this pair might be heading for a good long trade but before then expect a retracement. I will enter the trade when the price comes down to the level and ride to the first zone as indicated. However, if price breaks the minor resistance level indicated (the weekly high), I will wait for another short signal for a retrace on another price level before joining bulls.
Trade active
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The market is reluctant to go down as it is retesting our entry. I advise small accounts to move stop loss to breakeven
Trade closed: stop reached
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Stop loss reached, small accounts should count no loss.