After some time of ugly consolidation i think the correction for this pair is finished.
Looking at W1 chart price is bouncing from a strong level of S/R
Here on D1 chart we have a potential wave 2 just finishing with an AB=CD pattern.
This could be the start of a strong decline for wave 3.
The invalidation level is above last highs.
My EW count on H4 chart also support this bias (see below).
You can use this idea to find an entry point on lower FT to have a better R/R ratio.
Best Regards.
P.D. potential HS pattern:
Looking at W1 chart price is bouncing from a strong level of S/R
Here on D1 chart we have a potential wave 2 just finishing with an AB=CD pattern.
This could be the start of a strong decline for wave 3.
The invalidation level is above last highs.
My EW count on H4 chart also support this bias (see below).
Best Regards.
P.D. potential HS pattern: