a 5 w's impulse I think that was finished. What next, minimum a ABC correction
1 scenario blue abc with reversal at 86.6 2 scenario red abc with reversal at 87.5
If we have a flag here, sell after the price breakout the flag
if my count it is correct we are now in wave 2 ( almost done) and we wait the most profitable wave w3
With a 30 pps SL can be a good R/R trade. If the price breack the trend line can be a leg up for 200 pips.
If this is an ABC,It is about to end and then the next move up can give a good R/R
looks like the wave C are ending, we must wait a short setup for a 2000 pips reward.
looks like a correction ABC, and the one more leg up to 86
We will know if the price break the pink in maximum 32 bars....
I think will be a correction abcd , but can be only abc. Important is to wait the break out