For educational purpose: Price on this pair has recently been bullish. It has set out a series of higher highs and higher lows and showed consolidation tendencies around 19th november caused by the bullish returns on recent oil prices after oil hit its 12 week new low and started correctional movements. Fundamentally you should be able to know what impacts oil price fluctuations in Oman and Saudi has on the US economy. Our impulse leg X to A starts at around 16th November and the pair had a bullish rally up until 19th November where we had a .786 retracement (fibonacci) A to B. Prices then rallied up to the .68643 level setting up a lower high failing to retest previous level of structure and a .886 extension (fibonacci) at the B to C leg. For the C to D completion on this pattern, you will be looking at a 1.27 Fib extension of the X to A impulse leg or !.618 extension of the B to C. Aggressive traders can look to go short from C level to D completion point.However, conservative traders can wait for the completion then go long from the D completion setting convectional targets. Remember, structure leaves clues.