The price reversal zone on this pair is between 1.4330 & 1.4353
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Potential targets for the setup placed at the .382% and .618% retracement of the C to D move.
There is also opportunity to look for extended targets at around 1.4255
Stop loss would be placed above X leg .
Target 1 - 1.4296
Target 2 - 1.4274
Please note, i am not taking this position as a pattern setup, however i am looking to take this pair long.
Your title says short but you placing a Buy Stop.?
That's correct, the price action is his some significant levels which gives me an indication to take this pair long.