This is looking like the C wave of a larger degree could be ending, and a down impulse is coming soon. However it could bounce from here and become a 5 wave correction.
Trade active:
+50 pips, stop moved to BE. Credit due to anilmangal for sharing his sense of direction.
Trade closed manually:
The down move has begun to look corrective, not the kind of pattern I like to trade. 1.4570 may be the new low. I've closed for a small profit and will wait to see if it breaks to the upside.
Comment:
