Looking for a short position in this pair, targeting the lowest low. This pair have formed a descending triangle, currently resting on the 0.618 level, once taken out, this should provide the momentum to make the break to the downside.
Bought aggressively off the 0.32 Fibonacci retracement. The break has occurred and should now be followed by a break, retest and continuation. Just under a fifty pip move calculated here. Stops shall be placed under the double bottom formation, thus providing an excellent RR ratio.