Since there is a fib cluster below the PRZ I will look to enter short at 2 different levels. I'll divide risk over the different entry levels and add whenever posible if only the lowest gives a reaction.
EW Channeling suggests wave 5 could end quite a bit higher so I'll trail my SL closer asap . I was told however that waves 5 are often truncated in highly leveraged markets so we'll see... In any case I can't get the 3 levels of waves' channels to coincide so it surely won't be a textbook situation, or my count is wrong of course! We'll just have to wait-and-see...
Oh and there's still that huge monthly bat with PRZ around 1.5370 (see link below), so for those who think this pair can't go much higher..., not saying it will, but it sure can!
Back short from 1.4095, SL 1.4120.