In a previous post i posted a pending bearish bat
pattern which for only some pips didn't complete (see the link below). We now have another potential sell setup which can be traded in two ways. The first is to go short after price reaches the 0.618 level of the impulsive wave which broke the corrective structure. in case we don't see price reaches the 0.618 we should wait for a breakout of this smaller correction and then go short.
A bigger picture of structure: