Hey Traders, here's a potential trade based on the current Elliott Wave count. There are a few possible alternatives as indicated on the chart text. If the base of wave-C is broken, I anticipate a deeper drop into either a long bearish impulse or the second half of a double zig-zag. Either way, breaking of this support will indicate further drop. If this level remains unbroken I will cancel the stop and start looking for bullish breakouts. Updates to come, cheers!
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Nice drop through entry, looking at about +12 pips at this point. SL is set in original with B/E point at 1:1