The current correction is moving slowly and spending more time than previous impulse. So, I can define the current wave is a corrective one. The price action moves nearby the top of wave 1, the favorite zone to buy with low RR. Idea: Waiting for breaking of correction channel to buy OR buy right now and put a stop loss some pips bellow peak of wave 1.
The first impulse made a higher high, so we can assume that new trend had begun. The correction followed by a ZZ in the form of AB=CD. Price should finish 5 waves of C and test bottom again before going up a huge 5 waves..... Looking for long positions for next coming months and years is my trading direction for this pair!