I think we are approaching a buy area for this pair. As illustrated in the chart the two possible scenarios of the underlying correction indicate that the pair soon will hed north. however each scenrio has it is own entree, stop and target points which i will show in the next update
There is a chance that we are completing a tringle and it will be good idea to sell nearby the uppper line. the breach of point c high of 1.27 will invalidate this scenario count. Alternative count is also provided in the chart along with the its sell set up.