This has been a tricky pair and formed the basis of my obsession. Using Heiken Ashi Candles and Trendline Break method (Mouteki) and charting across H4, D1, W1 I 'expect' price to drop down first to 1.62419 region (H4 target) and bounce back up to 1.68715 (D1 Target) after which we can expect to see a drop to 1.45658 level.
To take a short, the best idea would be to wait for a price bounce from 1.624 region and ride it to D1 Entry of 1.6386. Let the trade play out and then short the pair once price is near 1.68/1.69.
To take a short, the best idea would be to wait for a price bounce from 1.624 region and ride it to D1 Entry of 1.6386. Let the trade play out and then short the pair once price is near 1.68/1.69.