Interesting setup at the moment. After breaking out of the falling flag in the DAILY timeframe the pair decided to give itself a rest and started a small correction.
After the above mentioned breakout was confirmed, we decided to wait for cheaper prices and put our money on a LONG position once the time deems right. As a trigger we agreed on the 0.5 and 0.618 Fibonacci retracement - hence, we opened a long position once we hit that 0.5 Fibo.