This is a good area to start accumulating some position for a 5th wave move. We are entering at the bottom of the flat formation channel which also sits on some important fibo lines and the long term support line dating back to 2013 also is in the area. Many confluence of events. THIS IS NOT A DAY TRADE but a swing trade so we could have some volatility before the move happens.
If we get stopped out with volatile moves, then we look for other entry points until our long term view of this pair changes.