The grey box indicates the previous .
With this being a strong prior to it's break, we feel this should act and hold as strong .
Taking a number of Fibonacci's we get a 38.2% / 6.18% / 78.6% cluster coming in and the bottom of a , thus giving us more confluence to look at getting long on this pair.
The confluence of fibs and candle formations are more visible on the 4h and 1h charts, however the previous structure and trend is less viable hence the .
Have a great trading week.