Now that I got that cool fact out of the way, lets move on to the potential trade setup we have brewing. Price seems to have found a temporary top that can form an area of consolidation (aka. range / distribution area / etc.) and the area you can look for shorting opportunities is roughly around the of the previous wave down (No I am not referencing elliot wave theory). If trade is entered your target would be roughly the base / around 2.9000 / 2.1000 . Stops would be have to be placed a little above the level or 2.1600 . And then once price reaches the base of support you can look for a long entry. Another interesting pattern that may be forming is a (trend continuation pattern). If we get a breakout from the potential we can see higher lows & highs made by this pair. Also if a breakout of the pattern does happen you can use the 10 & 20 Moving Average Crossover as extra confirmation of a resumption of the . The reason behind using those 2 moving averages for this pair is evident in prior price action; in other words this pair tends to have extended runs above those averages and once it falls(daily close) back below the 10 moving average then you should start being cautious about entering longs as it may signal another pullback in the overall trend.
Cheers & GL hope you liked the analysis.