What I have included on this chart is : An Impulse wave An equidistant channel A Fibonacci extension And A fibonacci retracement from the 1.618 level of the extension
The impulse wave and the fibonacci extension both create a major support level at the ~1.08641 level which has been tested quite a bit recently. The white levels are the retracement and I can see the first leg of the corrective wave reaching the .382 level of the retracement; setting a TP at ~1.09194
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And there you have it. If you had placed this trade yesterday, you would have gained a nice little profit!