The only subwave available to trade is at D1 chart. I'd suggest to buy it from 1.2600-1.2700 and, then, scan price reaction. If it followed by sharp rise then the scenario presented is in process. In other case further decline is expected to 1.2000 DMR at least. Any way to trade it we'll have anough time to enter in sell after corrective rise from 1.2600-1.2700.