There were no major changes in the pair under consideration over the past trading day. The sellers managed to suspend the upward movement, giving a chance to the scenario with the final diagonal as wave [c] of (y) of y.

Therefore, in the near future there is a high probability of renewed decline in the pair, during which the current local minimum will be updated. You can open sell deals right now at current market prices by setting stop loss at the local maximum.

Investment idea: sell 1.1735, stop loss 1.1765, take profit 1.1630.