This 5th wave is a likely scenario. The first 2 impulse waves (1 & 3) measure about 830 pips. The current wave we are in (5) is likely to see a push of about the same 830 pips putting price at about 1.3400. We're able to get a 4.2 risk-reward on this trade. While we see upside on this pair we should see downside on Gold XAUUSD