Looking at the cyan, professional-size volume block trades, this looks like a distribution.

The stochastic bars hybrid calls the last high bogus.

The two interrupted lines are the fair price of the euro based on the last 3 years. This was reverting to the average.

Normally a high volume churn print is followed by 2 more weeks in the same direction, but given the size of this week’s print this looks like 3 weeks in one.

There is a 7.6x->7.55x slight stretch divergence between the two peak fractals.

I don’t think anyone else is looking at this move up as a C wave.

Trade setups

E-8 is the market going parabolic?
Spike back, 3 imcremental candles of a color, go long after the 3rd hour’s close
Stop below candle 3’s body

If not, it’s a fade from beyond the 2nd flipback candle’s wick to the next question, stop 10 pips out

E-16 is the market taking the rat poison?
8 hours above / below,
Spike back, 3 imcremental candles of a color, go long after the 3rd hour’s close
Stop below candle 3’s body
Scale out at FFF+
Close on a reverse (E-8) setup

E-4 catastrophic trade
8 hours above / below,
Spike back, 2 imcremental candles of a color, go long after the 3rd hour’s close
Stop below candle 2’s body
Target outside the 240 BB