The pair is trading within a channel and has now hit reached the top of channel which also coincides with resistance.
Enter short if weekly candle ends in an engulfing pattern for reversal.
Target 100 pips or to bottom of channel.
Pair has been in channel since DEC 2015
Now broken out of channel so good entry for long on this pair
Looking at a big target of 500 pips
Its on a weekly chart so will need to be patient...
Going in small lot.