Following this pair for quite a while , I think its worth a short
Nice profile on this pair looking at Lower and Higher Timeframes
RSI Oversold , Daily Support .
Advanced Pattern + Structure
Great risk to reward profile .
Considering the price levels and volatility , should work as shown
Have a look at it !!!!!!!!
Not a huge 4 to 1 ot 3 to 1 Risk profile , But Beautiful setup as anyone would like to have if He/She is a trend Continuation Trader .
May be First target a bit high , U may try Fibs ( 38.2) . But Considering the Structure Level , trying to gain max.
Butterfly at some serious structure Level , Most of times butterflies at structure level do wonders .
Beautiful setup forming .
2nd target at previous swing high .
Good risk to reward .
D point should be at 78.6of XA legg nd 127.2 extension of AB leg .
At structure level with fibinacci confluence