There was an opportunity to go long in this pair on 27/28 Jan. But even though price went this low for the first time since Dec 2005, I was still not sure. The price action signal was also there, yet there was hesitation in my mind. See daily chart below.
Price did go up about 300 pips, but since then has given back most of these gains. It is likely that another chance will come perhaps this coming week to go long. It would not surprise me if the turnaround takes place at a slightly higher point. This time I plan to be decisive and take action on any confirming price action signal.