My key level here is located at the high of wave 1, which wave 4 cannot violate if this analysis is to be validated. If the Key level is broken, I expect my 'Buy Zone' area to react as a strong .
Using my ichimokuclouds Price has briefly broken through the kumo cloud but is now ranging in and out of this kumo cloud.
Tenkan-Kijun Golden Cross has confirmed my sentiment on the pair right now.
On my fibonacci pair, the 'Buy Zone' area is located on the 50.0 fib level. This 50.0 fib level aligns with the Kijun as they are both aligned with each other.
As for now I will analyse this pair until the Sydney session opens until making active trades on the lower timeframe.