The following trade is based on the theory.
We have an impulse, a pull-back which is going on, and we should see a reaction at the levels I have suggested for another impulse.
It's not a big trade in terms of pips but there's a high chance for it to occur.
The idea is to wait for the pair to reach the 78.190 level and then to buy it. The target is around 78.270
Trade with care.