Be careful not to get over-enthusiastic on any trade because this pair is in consolidation mode and therefore prices will swing back and forth. This is what my possible wave count shows. Before either of these 2 patterns will complete, we should see this swinging PA in the form of a smaller contracting triangle before breaking out to the upside to head towards the upper of the larger contracting triangle and the pattern completions.
What's important to keep in mind always is the bigger picture. All this PA is happening within the larger contracting consolidation on the DAILY TF.
Currently, I am LONG and have been holding LONG positions on this pair for weeks now. Although this pair is showing signs of moving upwards within the contracting triangle consolidation (DAILY TF), I am not adding anymore LONGS as I don't need to. But having said that, this is a good place to get LONG if you want to because prices are near the bottom of the larger contracting triangle and showing signs of moving upwards. Also, I do not see any breakout to the downside happening. That's NOT to say it can't happen. Anything can happen.
Please keep in mind that I am not giving any trading signals or trade calls here. Only providing my own trade thoughts for your benefit and insight as to my trading technique and style. Please don't ask if you should or should not take the trade. If you are not sure, then you do not have a trading plan for yourself in place. I suggest you make one before you continue to do any trading!
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BTW, when it comes to harmonic patterns, I strictly follow Scott's measurements as it pertains to the classic patterns.