Longs can be established between the 0.786AB & 0.886AB levels.
Extreme short targets for the smaller are located just below the 0.886AB level; consequently, stops have been given generous room, and I have placed them appropriately below point A(1.2747), given the size of this pattern.
Profit targets are at significant price points but I will be looking to run this trade up past this year's high assuming the dollar does not continue to appreciate overwhelmingly via elimination and negative EU interest rates actually being implemented.
"Audentes fortuna iuvat"
I've chosen 1.2880 as that is a few pips below the 23.6% fib retracement of the last leg down.
Long entries will be re-established on bullish signs at or below 1.2850.
Long accumulation will hopefully occur all the way down to 0.886AB.