MEDIUM TERM BUY SETUP

I expect drop down to a grey zone marked on chart which might be a reversal area and start of second impulse.

Existing structure leads me to conclusion that we might have also cup and handle pattern in development.

All details on chart.

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Some more up before pullback which should be in form of descending channel or handle shape.

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Possible triangle than flat

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There is high probability of breakout as DXY is turning downside.

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Possible one more down or breakout.

Watch 0.77000 level for clues

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Watch 0.77000 level where we might get small pullbac

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Broke the uptrend trendline and consolidate under which means we will have another wave down to trest previous swing low

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Please ignore above update, wrong chart.

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Finally breakout.

Price should reach 0.8100 - 0.8200 level

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800+ pips in profit already.

I have closed 1/2 of position.

Final target still not reached.

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You can aim for 0.82000 target

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Last push before reversal.

Aiming for 0.81600 level

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One more big wave up to hit 0.81600 level is possible within this structure before the last impulse down.

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Possible ways how the structure might develop.