I have not traded using Elliot wave before, but this is my thought on the pair.
Wait for that confirmation, if it respects the trend line, then go for a SELL.
This is a good long opportunity, place your order and hold.
The pattern has been forme, now we wait for the break of the Neckline all the way down to our C point.
As we all see the L.H & L.L structure has been broken, I have taken a LONG trade to finish off the Head and Shoulders pattern. Patience is Virtue #DONT_CHASE_THE_PRICE
As we have identified a Long opportunity with the AB=CD pattern, this is what could happen if the price doesn't respect the AB=CD pattern. The price seems to be forming a L.L from a L.H. Patience is Virtue.
The price has respected the the AB=CD pattern. We are now waiting for the retracement to form around our C point and ride the trade all the way to D. Patience is virtue! #Don't_Chase_The_Price