Hi all,
This is what's currently on my radar for this pair. We came up close to the 78.6 level at which there is a bearish cypher pattern however the market has started to back away from this level. Personally, if we see this pair strengthen again, I'll be looking to enter a sell position closer to the potential bearish bat as this would fulfill my SL conditions. Otherwise I'll be waiting again on the sidelines :)
On the long side, a potential bullish cypher formation forming if the market decides to push lower. Again, depending on whether my SL conditions are met will depend on whether I can take the trade at the 78.6 fib level or have to wait for the market to push lower before I can enter.
Less the price action presents opportunities, I'm remaining neutral until then.