I'm touting about this trade for a long time now in anticipation of a big third wave up which I don't want to miss. I have already multiple long positions but this seems another nice opportunity to add on to the trade.
The move down from 1.0725 is clearly corrective and this wave 2 might already be over. But this correction can still go lower as long as 1.0237 holds.
On the 15min we need a new high to complete a 5-wave structure, in that case this should be minor wave 1 (which is part of a larger third wave) and we'll take off soon.
Daily chart:
240min chart:
15min chart:
