At the end of the 5th wave there was a false breakout of the upper trend line. The price must come back within the equidistant channel to confirm the Wolfe Wave patter. Once this happens, a short position would be a reasonable trade.
Entry : 1.3077
SL : 1.3195
TP : 1.1887
Entry : 1.3077
SL : 1.3195
TP : 1.1887
Comment:
Sorry, I made a mistake when I typed the entry value. It should be 1.2968 as shown in the chart.