This daily now is confirmed as valid and a possible main descending wave is getting start.
The position happen to be a reflection point on the channel.
Down to the middle line, it possible for 500 pips. So try to find our profit in this pips zone.
After that, a maximum 1000 pips is possible for this pair to drop down to the bottom of the channel.
To break the channel, GJ need to follow the green arrow. That is going to take a few month more to happen.
Less is more!