This move higher therefore should be wave 1 of an impulsive wave.
We are nearing it's termination point as we can count 4 waves already and making wave ((v)) as an it seems.
This means, once this larger wave 1 ends, we will see price pullback in a 3waves move lower for wave 2, ideally to the level before going up higher for wave 3.
*** This is a Short opportunity if you like because of the clear Invalidation level;
Trade Setup :
* Entry : Pending around ~ 0.8935 to 0.8950
* Stop : 0.8962
* Target 1: 0.8825
R/R : 4.7 !!!
Follow, share, like & comment if this helps !
Now wait for retracement to end to go long.