1. A could complete at a point where PA test the , after which the downtrend could continue
2. The downtrend could continue right away and a could be formed at or below a lower , signalling a possible pullback or re-test of . A significant pullback at the lower could coincide with a possible alt 1.27AB=CD also, this would invalidate the on which the trade on the chart is based.
Trades for both scenario's on chart (no trade if the scenario is confirmed (preferably a pullback to 50% of CD) ).
Whenever 1 of the 2 patterns completes the other one will be invalidated.
Targets could be adjusted depending on where PA potentially reverses.
Hopefully I'll get another chance to enter before the first target is hit, adjusted my entry by 3 pips... ;-)