Topic: Elliot Wave Club
On the daily chart, the first wave of the higher level (1) develops, within which the third wave 3 of (1) formed. Now, a downward correction has started to develop as the fourth wave 4 of (1), within which the wave a of 4 is forming.
If the assumption is correct, the pair will fall to the levels of 124.57 - 120.38. In this scenario, critical stop loss level is 131.33.