Trading wave C is the most rewarding trade because of its high probability and because it is fast compared to other waves.
We expect that wave B is done and now we are in wave (2) of C to the upside. Our stop loss is not based on analysis because B could go to the same price where wave A started (B=A), but We believe that if wave B goes below 0.64285 then the probability that our Analysis is correct would be low and we don't advise to hold longs in that case. (Note: We combine both Analysis and conventional to make sure we stay on the right track)
The Risk/Reward ratio is 4.5:1 which is worth a shot.
We advise to secure few pips in profit after closing above 0.66695 (4-hour bars) and then keep moving stops below any swing lows on the 1-hour chart.
Happy Trading :)