Hi Traders, I don't typically trade this pair but I like the setup to say the least. Impulsive short move (a), followed by the current corrective price action (b), while i'm on the side lines waiting for the beginning (0.7660/700) of a possible (c) wave to the downside. Risk/Reward for this trade seems like it will be very good. Stop Loss, depending on how close to the highest point the trade is entered will have the potential to yield 1:6+R/R, 1:12 R/R or as high as 1:18 R/R if the trade is entered at the right place and managed accordingly.
I wish you the best,
If you guys have any questions or comments PM -0.14% me or post below.
Like if you are considering taking this trade...