The price reversal zone on this pair is between 1.0580 & 1.0526
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 back into 1.0788
Stop loss would be placed below X leg .
Target 1 - 1.0658
Target 2 - 1.0707
Awaiting a break below 1.0700 to confirm.
I agree :-)
Yes it is still valid unless it breaks the C leg at 1.0784
I hope that helps.