Well, after the impulse up, and the correction we are actually in, will this be the time to get another impulse up? This is how i will manage this trade: I will take a small position here, at .618, and set a tight stop of 20-30 pips. in case this pair starts to go up from here, i might add when it breaks the first trend line (grey) and then look if it goes out of this corrective structure. If it goes for another down move, it is nothing to worry about.