Furthur info: https://www.youtube.com/watch?v=GgWoxN8g...
My view is that the recent rally requires some correction; the count I've presented is the most scenario, in that we've only completed minor wave 1 of A of 5 (remember, HEW wave 5 will consist of a 5-3-5 ). Wave 2 appears to be either a zigzagA-triangleB-5 wave C OR a double with a triangle wave B. Or... ?
On the theory that when the first wave in a correction reaches the 50% level (as here), the final leg SHOULD reach the 61.8% level, I'd expect price to reach the area of 1.1305-1.1310; there are a number of retracements and extensions from various swings in that area, but not much in the way of price . The 50% level has stronger price , so price could fail again at that level.
Depending on the structure of the expected wave up (if it develops), I'm hoping to get short SOMEWHERE above 1.1280 with a protective stop just above 1.1391, with a first target at 1.1135 to get risk off.