I have been waiting for this setup for quite some time and posted this analysis a while ago. On the daily time frame we have a 5 wave corrective structure that broke to the downside. We then saw a smaller structure form below that and we are now seeing a break of the smaller structure. This indicates that the short break is valid. I am waiting for my entry trigger/setup and will enter this trade when my strategy triggers.
There are over 2000 pips in this trade if I am able to hold it all the way down but will be trading smaller time frames on the way down as well.
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