Well, since my initial post the price has spiked above the initial Point C. However, in my opinion this pattern is still valid because price is still contained below the 61.8% retracement of the AB leg. See chart attached with the updated pattern, with new Point C.
@motleifaul, once again you are right. I mis-typed the entry price... it should be 0.93730... where the 88.6% retracement of the XA leg is. Stop loss and profit targets remain as posted. Sorry to those who are following.
I'm sorry, but I can't understand this idea. I would expect the completion of the harmonic formation, i.e. to reach the 0.938 level.
I would go long if the bottom line at 0.945 held and we broke out of the formation.