Expecting the minor wave FLAT (Marked by Green Lines) to complete down to the 1.12138 - 1.20141 price zone (Blue Rectangle). Staying out the market till then.
Will Look for Buying opportunity in this area. Bullish Target will be the End of Primary Wave 5 @ 1.26945 (Marked by Black Lines) Intermediate Wave 5 (Marked by Red Lines) may carry prices a bit higher to the 1.27967
Comment
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Depending on how deep/shallow wave 4 corrects, may adjust wave 5 projection. Wave 5 Projection set tentatively for now.
Trade active
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Price made a u-turn just above my area of interest.