Update on trade: Moving extremely well to the upside since I last posted the pair (See related ideas).
The trade is in a nice 3 wave cyclic move since buying at the bottom. There was a nice leg, followed by a corrective leg, offering a signal for a continuation move to the highs of the range. The was offered on Fib retracement, giving a nice reliable launch pad for an upside move. Expecting the extended target for this pair to be the 3 wave minor move. Before taking profits on this position.