We see price testing the upper of the several times. We are also able to spot a . I only use harmonics for price indication (only BAT). What makes this relevant for a possible price pattern is the convergence of price in a crucial zone.
The wave pattern of larger degree indicates another leg lower to complete this correction on the daily time frame. In terms of we might see a wave A-B in red. I will be looking for a red wave C lower to be next. This wave C most likely has 5 inner waves which will help me to spot high probability trades.
Therefore I will be looking for clues on lower time frames. For a short trade I need a break followed by a consolidation before I sell (in terms of this means a wave 1-2, sell wave 3 or wave 3-4, sell wave 5). This way I can minimize my stop loss and trade with a great Risk/Reward.
Trade with care and wait for the confirmation since we are ending a corrective structure and this pair wants to move higher sooner or later. If we don't get the sell signal, I will simply wait for the market to confirm to me that the has taken over which will present plenty of new trading opportunities in the near future.