Hello traders. I have been watching this pair for some time now. On the higher timeframe (daily specifically) price broke an ascending trendline to the downside. Price tapped into the 1.33000 psych level and had strong reaction and few days later we saw a pretty strong second reaction. We are in a short term bullish correction that will fill the 4hr imbalance, indicated by the callout bubble. However, pulling your fib from the swing how to the swing low we see that the 61.8 fib lines up perfectly with previous structure, where I look to enter a short on this pair. SL just above the previous swing high, TP about 400 pips right around the 1.3200 level. Waiting patiently for now and also considering entry confirmation once we get there. It may not be this week, but we will see. "Trade well, not often..."- Warren Buffet