BC leg still needs more confirmation to go long on this pair to complete , as it rested on TL 2 and already reached the 88.6 retracement of AB leg but consolidating.
Move to 4H chart we can see price started to close above 8 few times but still being held at 38.2 retracement. More confirmation needed on 38.2 retracement area to enter a long position. (I personally think that it will reach 1180.00 and retest 38.2 and break above).
TP 1 will be 1186.00, confluence area of TL 1 and 50 retracement (minor support), and in 4H chart I can see 200 (as a dynamic resistance) going downward and it will be moving around this confluence area.
TP 2 will be 1216.00, 1.272 retracement of BC leg and a completion of CD leg. Watch what price action is doing on TP 1 area to re-enter a position.
Then we'll see what price action is doing at point D to confirm a PATTERN to go short.
SL for TP 1 is around 1176.00, around 38.2 retracement area, not a fixed one. Will see what price action is doing in this area to decide on closing the trade before further loss.
(I personally dont like to put a stop loss order because I dont want to be kicked out of the market just by a tick and then see price is going the way I wanted it to be. My stop loss is just a psychology area, i'll decide what to do when price reach my initial stop loss.)