Analyising this pair we have been in a downtrend for a couple of weeks and I noticed a slight pullback occuring yesterday. We can see that price has respected the 61.8% Fibonnaci retracement level and created a evening star
formation which is a big indicator that price is going to make more ground to the downside. I have drawn in a counter trendline
I will be looking for a clear break of this level before entering the trade targeting the first take profit level (108.745). Be patient and wait for a clear break of this level. You can also wait for a slight pullback and rejection of the EMA
or the countertrendline to confirm this bias if you want to trade more safe.