The price reversal zone on this pair is between 1.0553 & 1.0518
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 the 1.0659
Stop loss would be placed below X leg .
Target 1 - 1.0603
Target 2 - 1.0635
Let's see how it all plays out today :-)
Everything looks good, If it fits your rules then execute the position.
It is still valid until the market exceeds the C leg.