Price is in an uptrend according to Elliot wave analysis. Currently, finished the 2nd correction wave of Elliott, and now it is trending in the 3rd wave, forming an ABC correction within the movement indicating a strong signal that price will further increase. At this time, I'm waiting for price to retest back close to B or 1.2128 area, where I would be waiting for candle signal to form. If price forms a strong candle signal and breaks above the 10 EMA on the chart, I'm opening my position and waiting for price to reach minimum the FIBO 1.61. Stop loss a few pips under the B and C point as they will probably going to be at equal level.