I believe the pair will continue its decline and i will look for bearish setups. One way to join is after a double cycle up on the H1 chart. The idea is very simple, wait for the price to reach the trend line and look for bearish triggers (divergence, false break, candle pattern etc)
Technical Analysis:
H4 – bearish convergence, trend line
Entry:
H1 – double wave up to the sell zone as shown in the screenshot below than look for sell triggers. Keep in mind there is also a possibility for divergence to form (bearish one) which will give us extra confirmation for this setup.
Targets: Aim to collect first part around 0.7960-40 zone, and let the other part run
