The price may break to the either side and target the red line as indicated in the charts. its advised to not make any move until the pair breaks the triangle on the weekly charts to either side. The fate of this pair is balanced on numerous things including the trade talks between china and the US. Should the talks go well and both parties can come to a stable agreement the pair would likely accelerate to the upside. On the flipside, if talks do not go good for both parties, expect this pair to break to the downside. depending on what happens then we can place a swing trade accordingly.
If you wish to day trade, then its advisable for the flash crash to settle and form clear price action that can support claims based on . at the moment on the and 4 hour chart the price action is forming but it is still not clear. the target to day trade would be based on the either side of the triangle .
It remains to be seen what will happen to this pair fundamentally in the coming days. shall there be any updates i will post them here