Since November 2014 low or bottom of (4), this pair has the potential of forming an ending diagonal (5), by looking at the presence of zigzags in each waves - while wave iv is due for overlapping wave ii in the coming decline.
Thus, setting up short on the wave (5) purple of ending diagonal (c), SL at break of wave (2) top - for trading better R/R.
Long term perspective:
i.gyazo.com/df427b6c...6c6d382ee911c76a.png
Thus, setting up short on the wave (5) purple of ending diagonal (c), SL at break of wave (2) top - for trading better R/R.
Long term perspective:
i.gyazo.com/df427b6c...6c6d382ee911c76a.png