I’m definitely looking for short trades here. With the 100 being hit I may take a long term with an SL beyond the 1.236 as the RR is wonderful now. That may be a month long trade to provide the equity to swing trade this bearish sequence. See what happens?
I love Elliott Wave but I don't use it for trading I use it to confirm the trend and possible exit points. I believe the Forex market is just about all corrections. ABC's or WXY's. I've been very successful just trading "equal legs" at the 100% extension, and the "50 backs" on the 50% retracements. Here's an example. I trade off Renko charts to help keep emotions at bay. Very simple.