Here is the summary:
After spike a high of 18th September, the price declined in what appears to be an impulsive move of 5 minor waves. If correct, this could be wave (a) and the overlapping bounce since looks like wxy move of which we are in near completion of wave c of "y" in the form of (3-3-3-3-3) structure. So after minor retrace a final swing into 1. 1400 -1.1425 zone could set ideal shorting zone with stop just above 18th Sept high around 1.1470
The decline anticipated towards 1.100 is wave (c) of the second which should unfold in wave 5 impulsive move. Hence, decent short trade could be considered as per the details on the chart.
Entry for short: 1. 1400 -1.1425
Stop Loss: 1.1470
Target: 1.110 zone
Warning: This is my interpretation of price action using TA approach that I consider helps me most but could be completely wrong. Therefore as always, do your own analysis for your trade requirement and ignore my views.
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However, I think that important low of the bearish cycle that commence in 2014 has been formed (but will review if necessary), see chart below
That same chart updated with August 2015 high shown as wave A or W and expecting retracement currently under way. ON completion (1.1100 zone or even little lower) of which, I anticipate another strong impulsive move or a to the upside. Please see updated chart referred to above. . For now this is enough for me and hope it clarifies my labels.
Looks like expanding triangle, more time in B than in A, 3 part legs, this next leg should be sharper too.
I'm not 100% sure of the longer term count, but it looks like the decline from the highest high is some form of ABC or complex correction, monthly scale.
Like your AB=CD highlights.