We can see the 0.50 retracement of the initial XA impulse leg followed by the 0.881 retracement of the AB leg. Whether or not the D leg reaches the required of the initial XA impulse leg remains to be seen.
The zone I would be looking for a reversal in is between that of XA and the of the BC leg. So long as it does no past the structure high at X, the pattern is valid.
The stop would need to be above X (maybe plot a 1.13 extension of XA, so around 1.1518) with targets being as follows:
T1 would be at the of AD (around 1.115, but could even use previous structure at B)
T2 would be at the AD (around 1.102)
Of course, it may never get there, but that is the theory behind a .
For me, entry was done with a Limit order placed at the 0.886 of XA. Entry was at 1.1362 and the stop is at 1.1518
My initial targets are still as advised, but will be adjusted based on the actual reversal and new swing high.