If you have missed the reversal at the top and the small flag consequent to the first small impulse to the downside, now is your chance of entering the trade, as the pair is breaking the bigger corrective flag structure on the 4hr timeframe. Watch your sizes, as the stop loss should be above said structure (above 1.317). Final target (medium term) in the 1.07 area (yes, that's right).
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Remember that you can double check the bigger structures that are at play are on higher timeframes, also by scrolling around the charts in the lower timeframes (right and left, up and down).
Trade with care and only with a backtested strategy that has proven to work in relation to your invested capital, risk appetite and potential losses you might need to accept before finding a good trade.
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