The situation for the pair under consideration continues to evolve as expected. The price, probably, after a impulse growth, went into a correction, which is also wave 2, an emerging large upward impulse.

The indicated wave may turn out to be fully formed, but even a small decline will not spoil the picture. Consequently, it is not worth rushing to make trade decisions yet.

It is recommended to buy only on the update of the current local maximum, which is the end of wave 1.

Investment idea: buy 1.3980, stop loss 1.3950, take profit 1.4250.