We are expecting this pair to go one more down before going up.The detailed reasons are given in the chart.Though its a complete mess but you can understand it.According to wave theory,there are waves in waves in waves.This is fractal nature of market.Market can go directly up and complete the running flat or market can go more down before going up and complete the expanding flat.Besides the retail traders are buying this pair which indicates that the pair will continue going down.
Trade closed manually:
Close in profit